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Martha Aryera

Update on Martha Aryera

With a lot of sacrifice, Martha and her husband are getting ahead with their children. Martha's main dream is to have her own home and to have better living conditions for herself and her children. She has a business selling shoes and clothing, and with this income she helps with the household expenses. Her husband works as a cashier for a private company.

With this new loan, they will be able to make a lot of progress with the construction of their home. They will use the loan to buy construction materials such as: cement blocks, sand, gravel, steel, beams, and sheets of corrugated metal. Martha appreciates the support that AFODENIC is providing through these Kiva funds, and she thanks those who are placing their trust in her.
View original language description ↓
La señora Martha, junto a su esposo e hijos a salido adelante, con muchos sacrificios y necersidades, ya que su mayor sueño es tener su propia casa y tener mejores condiciones de vida tanto ella como sus hijos, ella se dedica a la venta de ropa y zapatos y con estos ingresos ayuda con los gastos del hogar, su esposa es Cajero en una empresa privada.
con este nuevo credito podran avanzar mucho en la construccion de su casa ya que compraran materiales como: Bloques, Arena, Piedrin, Hierro, Perlines, Zinc. Agradece el Apoyo que Afodenic le brinda atravez de fondos Kiva y por la co nfianza que han tenido en ella.

Previous Loan Details

Sra. Martha is a resident of the town of Veracruz. She lives with her husband and children who need her support. Her husband currently works as a merchant. Her plans for her family include improving their living conditions. Doña Martha sells clothing and shoes. Throughout the entire time she... More from Martha Aryera'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $4,800
    Average annual income
  • 112
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,275 helped Martha Aryera to buy construction materials such as: cement blocks, sand, cement, and gravel.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 13, 2012
Oct 1, 2012
Currency Exchange Loss:
Oct 31, 2012