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Rosa Maria

Update on Rosa Maria

Doña Rosa María is 36 years old. She is a single mother of two children. She has worked in a tax-free area and now has a small grocery run by her sister. Doña Rosa María herself works as a domestic employee in a private home. She also rents rooms in her home. This is the way she has devised to cover her basic household and personal expenses and to give herself and her family a balanced standard of living. In order to continue moving forward, Doña Rosa María is requesting a second loan. She needs to purchase cement, wire, sand, gravel and blocks to put up a wall in front of her house. With the purchase of those materials, she will be able to start construction. The wall will give more security and strength to her dwelling and to to her tenants as well.
View original language description ↓
Doña Rosa María 36 años de edad, madre soltera de dos hijos, ella ha trabajado en una zona franca, ahora tiene una pulpería administrada por su hermana debido a que ella trabaja como empleada doméstica en una casa particular, también alquila cuartos en su vivienda, de ese modo se las ingenia para cubrir con los gastos básicos del hogar y personales para poder tener un nivel de vida equilibrada ella y su familia. Para seguir progresando ella solicita su segundo crédito para construir una pared enfrente de su casa, para eso necesita comprar cemento, alambre, arena, piedrín, bloques, con todos estos materiales ya podría empezar a realizar la construcción, que le dará mayor seguridad y firmeza a su vivienda y a sus inquilinos.

Previous Loan Details

Rosa is a single mother of a son who is in school. Her plans include improving her standard of living. Rosa is a merchant and has plans to buy a vehicle for transporting her products, which will be of great help. Her greatest need is to improve the infrastructure of her home. With this l... More from Rosa Maria'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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,420,300
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Rosa Maria to purchase cement, wire, sand, gravel and blocks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 7, 2012
Nov 1, 2012
Currency Exchange Loss:
Oct 17, 2013