Check out other loans that are currently fundraising!
Marcial Salvador

Update on Marcial Salvador

Marcial, aged 61, runs a business with his wife. They sell used shoes at the market in Managua, in their own stall that they acquired 35 years ago.

With much hard work and dedication, they have successfully brought up six children who are now independent.

Marcial requests a seventh loan to continue supplying his business. He will buy 5 crates of shoes that contain 24 pairs each. This will allow him to continue satisfying his customers with more variety, since today second-hand shoes are in great demand, as they are affordable and durable.
View original language description ↓
Don marcial a sus 61 años sigue siempre con su negocio en conjunto con su esposa vendiendo zapatos usado ubicado en el mercado de la ciudad de Managua, en su propio tramo adquirido hace 35 años con arduo trabajo y dedicación tanto que han logrado sacar adelante a sus 6 hijos que ahora son independientes. Don Marcial solicita su séptimo crédito para seguir alimentando su venta comprando 5 cajones de zapatos que contienen 24 pares cada uno, para seguir satisfaciendo a sus clientes con más variedad, ya que hoy en día los zapatos de segunda tiene mucha demanda por ser económicos y duraderos.

Previous Loan Details

Marcial is a very enterprising man, a small-scale merchant who sells clothing and shoes. He started doing this thirty years ago with a little merchandise. Thanks to his effort to excel, he started selling with his family and his earnings are increasing. He currently increases his stock of new and... More from Marcial Salvador'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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Marcial Salvador to buy 5 crates of shoes that contain 24 pairs each.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Sep 11, 2012
Nov 1, 2012
Currency Exchange Loss:
Sep 18, 2013