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Reyna Sulema

Update on Reyna Sulema

Reyna is a client that is applying for her eighth loan. She is married. Her husband has worked as a security guard but currently is unemployed. Therefore, she maintains the home and a son helps her economically.

Reyna has been selling new clothing as a commercial activity for 6 years. On this occasion, she is requesting a loan from Afodenic and Kiva for the construction of a front wall for her house so that her property has greater privacy. For this reason, she needs to buy materials such as cement, sand, iron, gravel, and to pay for the labor costs.
View original language description ↓
Doña Reyna es una clienta que está optando por su octavo préstamo ella es casada su esposo ha trabajado como guarda de seguridad pero en la actualidad está desempleado por lo que ella sostiene el hogar y un hijo que la apoya económicamente, Reyna tiene una actividad comercial de venta de ropa nueva desde hace 6 años, en esta ocasión solicita crédito a Afodenic y Kiva para la construcción del muro frontal de su casa para que su propiedad tenga mayor privacidad, por esta razón necesita comprar materiales como cemento, arena, bloques hierro, piedrines y pagar la mano de obra.

Previous Loan Details

Reyna is a businesswoman with several years of experience selling new clothing. With the help of her husband, she began selling ice, ice cream, and natural drinks. Today, she has been investing in clothes with funding that the institution has given her that has improved her home. Afodenic is... More from Reyna Sulema'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
  • 82
    View loans »
    Nicaragua Loans Fundraising
  • $25,420,300
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Reyna Sulema to buy cement, sand, iron, gravel, and blocks and to pay the labor costs for the construction of a front wall.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 13, 2012
Dec 1, 2012
Currency Exchange Loss:
Nov 17, 2013