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Maria Elena

Update on Maria Elena

María Elena can always count on her husband, who supports and agrees with her on everything. She has made a few changes in her house with Afodenic and Kiva’s help, and she is requesting a new loan to keep on making improvements to her house. She wants to build a room for her children’s comfort, and she will use the loan to buy cement, sand, blocks and iron and to pay for labor costs. She is a worker in a company and thanks to this job she will have no problems in repaying her dues. Through this mean she'll be able to fix up her house little by little since doing it all at once is very difficult because of the financial situation.
View original language description ↓
Doña María Elena, siempre cuenta con su esposo quien la apoya y acompaña en todo, ella ha hecho varios cambios en su hogar con apoyo de Afodenic y Kiva, para seguir mejorando las condiciones de su casa solicita nuevamente crédito para la construcción de un cuarto para la comodidad de sus hijos, con el préstamo comprara cemento, arena, bloques, hierro y el pago de la mano de obra gracias a su trabajo como operaria en una empresa podrá ir pagando sus cuotas sin problemas y así poco a poco seguirá haciéndole mejoras a su vivienda ya que de un solo es muy difícil por la situación económica.

Previous Loan Details

Marí continues working in the free zone for her family's common good. Her children are finishing the school term and her husband continues with his security guard job; they both have as a goal to make home improvements. They have been doing them through the loans and today with this new l... More from Maria Elena'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
  • 123
    View loans »
    Nicaragua Loans Fundraising
  • $24,546,650
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Maria Elena to buy cement, sand, blocks and iron and to pay for labor costs.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 27, 2012
Dec 2, 2012
Currency Exchange Loss:
Jan 18, 2014