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Teresa Del Carmen

Update on Teresa Del Carmen

Doña Teresa, 38, is a farmer. Her husband is a part-time construction worker and their combined income covers the family's expenses. They have two children, both still in school. Doña Teresa grows pineapples, a crop that provides a steady income. She is applying for a loan that she will use to buy urea, fertilizer, pesticides, etc. for her next planting and to protect her crop against insects. The investment will help her maximize her yield and harvest her fruit for sale.
View original language description ↓
Doña teresa de 38 años de edad, su marido ahora trabaja como albañil por su propia cuenta, de esa manera apoya en los gastos necesarios de la casa, tienen dos hijos que todavía van a la escuela, doña teresa dedicada siempre al cultivo de la piña al que año con año le da mantenimiento por lo que acude nuevamente a solicitar otro crédito para poder comprar urea, abono, insecticidas y otros para obtener buena cosecha y combatir las plagas que siempre están merodeando su cultivo; ya que para ella es muy importante mantener sanos sus siembros y así brindar buenos frutos a sus clientes.

Previous Loan Details

Tereza is married and her husband is a mason. One of her goals is to improve her living conditions. She is a farmer and started in the family business when she was very young. She has had problems with pests and diseases but has overcome them. Her short-term plans are to do some work on soil cons... More from Teresa Del Carmen's previous loan »

Additional Information


This loan is administered by AFODENIC, La Asociación para el Fomento al Desarrollo Nicaragua, a Kiva Field Partner based in Managua, Nicaragua. Founded in 1999, AFODENIC was created to promote the socio-economic and cultural development of sectors that are excluded from commercial banking. Integrating economic and human resources, AFODENIC offers affordable and adaptable financial services aimed at strengthening the family unit of their clients, who include students, producers, and micro- and small entrepreneurs from rural and urban areas. AFODENIC is a socially responsible institution engaged in society and making a positive impact on its professional partners and communities.

Supporting a borrower through AFODENIC contributes to the pursuit of innovation in mitigating poverty in Nicaragua. Visit AFODENIC’s partner page for more information.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Nicaragua

  • $4,800
    Average annual income
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Teresa Del Carmen to buy fertilizers and farming supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Aug 30, 2012
Oct 1, 2012
Currency Exchange Loss:
Sep 18, 2013