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Reina Teresa

Update on Reina Teresa

The young Reina is 35 years old. Her life companion works as a bus assistant. She continues with her work as a machine operator in a free zone. Her three children under the age of 14 continue to go to school, and she hopes that all of them can complete studying for a career. This sixth loan that she has applied for is to buy construction materials such as cement, sand, blocks, paving stone, and iron to continue improving her house, which now still has a great part covered with used sheets of zinc and wood that is quite deteriorated with holes. With this investment she hopes to have better conditions in her house to offer better security to her children.
View original language description ↓
La joven Reyna de 35 años, su compañero de vida trabaja como ayudante de bus, ella continua con su trabajo como operaria en una zona franca, sus tres hijos menores de 14 años siguen estudiantes y espera que todos puedan culminar una carrera profesional. Este sexto crédito solicitado es para comprar materiales de construcción como cemento, arena, bloques, piedra cantera, hierro para seguir mejorando su casa que en la actualidad aun tiene una gran parte cubierta de laminas de zinc usados y de maderas bastantes deterioradas con hoyos, con esta inversión espera le de mejores condiciones a su casa para brindarle mayor seguridad de sus hijos.

Previous Loan Details

Reina is a hard-working, enterprising woman. She plans to improve the entire infrastructure of her home, which she has been doing gradually through loans granted by Kiva. Previously, she built the back part of her home. Now she is requesting the loan to purchase zinc sheeting, blocks, stone, s... More from Reina Teresa'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
  • 134
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Reina Teresa to buy cement, sand, blocks, paving stone, and iron.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 17, 2012
Dec 1, 2012
Currency Exchange Loss:
Sep 18, 2013