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Gricelda De La Cruz

Update on Gricelda De La Cruz

Griselda is 39 years old. Her husband works in a lathe workshop and helps with home expenses and their three children, the oldest of whom is 16. Her great wish is for them to prosper in life through their studies and be professionals. She works as a janitor in a poultry business. Her last loan was for building a front wall, but she was not able to build the wall since she built the entire living room of her house out of concrete. Now she will use this loan for sewage installation and the construction of a bathtub and toilet. She will buy PVC pipes, a toilet, sand, blocks and cement, and will also pay for labor, and this way she will continue making improvements to her home little by little.
View original language description ↓
Doña Griselda de 39 años de edad, su esposo siempre trabaja en un taller de torno y ayuda en los gastos del hogar, sus tres hijos el mayor de 16 años su gran deseo es que ellos prosperen en la vida a través de los estudios y que sean profesionales, ella trabaja de conserje en una empresa avícola, su crédito anterior fue para construir un muro frontal, pero no logro hacerlo debido a que construyo de concreto toda la parte de la sala de su casa, ahora utilizara el crédito en la instalación de aguas negras y la construcción de baño e inodoro, comprara tubos pvc, inodoro, arena, bloques, cemento, el pago de la mano de obra y así poco a poco irá haciéndole mejoras a su hogar.

Previous Loan Details

Gricelda has been a merchant for three years, selling homemade drinks. She is married, and her husband is an auto repair mechanic. She has three children, and her main goal is for her children to be professionals. She and her husband work hard to offer their family the best that they can offer. S... More from Gricelda De La Cruz'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

  • $3,636
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,384,075
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Gricelda De La Cruz to buy PVC pipes, a toilet, sand, blocks and cement, and to pay for labor.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 22, 2012
Dec 1, 2012
Currency Exchange Loss:
Dec 17, 2013