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Maria Raquel
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Maria Raquel is a young single mother who has a young son. She lives in the Hialeah neighborhood in Managua She has made a living by selling used clothing and cosmetics for 5 years. She is always working to diversify the variety of clothing that she offers.


She needs this loan to buy packages of used clothing to keep increasing her sales. Her previous credits have also helped her to invest in her business and to get ahead, giving her the necessary means to support her small son. Because she is a single mother, her situation is more difficult, but she has been able to advance and grow economically.

Translated from Spanish by Tanya Harper, Kiva volunteer


Maria Raquel es una joven madre soltera que tiene un pequeño niño varon, habita en el barrio Hialeah de Managua. Se dedica a la venta de ropa usada y cosméticos, desde hace 5 años y está siempre trabajando para diversificar la variedad de ropa que ofrece.


Requiere del préstamo para comprar pacas de ropa usada para seguir incrementando sus ventas. Los créditos anteriores solicitados le han ayudado también a invertir en su negocio y ha podido salir adelante, dandole el sustento necesario a su pequeño hijo. Por ser joven y madre soltera la situación le es más difícil pero ha podido ir avanzando y creciendo económicamente.

Additional Information

About AFODENIC

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.

About Nicaragua

  • $3,636
    Average annual income
  • 171
    View loans »
    Nicaragua Loans Fundraising
  • $23,210,200
    Funds lent in using Kiva
  • 19.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Maria Raquel to purchase packages of used clothing.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 17, 2008
Listed
Jun 2, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009