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Update on Estela

Estela’s 41-years-old. She and her life partner work as process assistants at a packing plant. Her 17-year-old daughter is in 4th year of secondary school. She had been using her loans to buy and sell new clothes but she failed because many people did not pay her and she had to go work as a domestic employee but thanks to her spouse was able to secure employment that she’s been in for two years now. She’s used her loans to make improvements to her house’s infrastructure and now she wants to build a perimeter wall in front of her property because when it rains a lot water comes in from the street. In order to do this project she needs to buy concrete blocks, paving stones, cement, iron, sand and gravel. In this way she’ll be improving her living conditions.
View original language description ↓
Doña Estela, de 41 años de edad, su pareja de vida y ella trabajan como ayudante de proceso en una empacadora, su hija de 17 años estudia el 4to año de secundaria, sus créditos los ha venido utilizando para compra y venta de ropa nueva pero llego al fracaso porque mucha gente le quedaron debiendo y tuvo que trabajar como empleada doméstica, pero gracias a su pareja encontró un trabajo en el que tiene 2 años de desempeñar, sus créditos los ha utilizado para mejora de infraestructura de su vivienda, ahora los quiere para construir un muro perimetral en la parte de enfrente de su terreno debido a que se le mete agua de la calle cuando llueve mucho, para dicho objetivo necesitara comprar bloques, piedras cantera, cemento, hierro, arena y piedrín, de esa manera ir mejorando sus condiciones de vida.

Previous Loan Details

Estela runs a small business selling clothes, shoes and cosmetics. She has been running this business for many years since she started it with the help of her partner. She is happy with the economic assistance that she has received from the institution as the funding has allowed her to improve h... More from Estela'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
  • 64
    View loans »
    Nicaragua Loans Fundraising
  • $25,079,250
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,025 helped Estela to buy concrete blocks, paving stones, cement, iron, sand and gravel.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 29, 2012
Nov 1, 2012
Currency Exchange Loss:
Nov 30, 2012