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Maria Teresa

Update on Maria Teresa

Tereza lives in Ticuantepe and has had to work hard to get her children ahead and improve her life. She is a merchant and thanks to her efforts, her business has grown very much. Her customers have demanded various products in which she has invested and increased her income. Tereza is very grateful for the support from Afodenic and Kiva.
View original language description ↓
la Señora Tereza, habita en el municipio de Ticuantepe, desde muy joven a luchado para sacar adelante a sus hijos y de mejorar de vida, ella es comercia y gracias a su esfuerzo su negocio a credido mucho, ya que sus clientes demandan varios productos los cuales ella a invertido en ellos, con este nuevo financiamiento podra ampliar su inventario en los productos que vende y asi tener mejores ingresos. doña Tereza se encuentra muy agradecida con el apoyo que le brinda Afodenic atravez de Fondos Kiva.

Previous Loan Details

Sra. Maria Teresa is simple businesswoman from the area of Ticuantepe who has spent many years struggling to make her business successful. Now she wishes to invest in a new line of products: cosmetics. She thinks that her customers spend as much on cosmetics and personal cleanliness as they do on... More from Maria 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 Nicaragua

  • $3,636
    Average annual income
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Maria Teresa to stock her store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 17, 2012
Jan 1, 2013
Currency Exchange Loss:
Apr 18, 2013