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Martha Lorena

Update on Martha Lorena

Martha is a single mother who knows how to help her children move forward. Thanks to God, all of her children are now grown and help her with the household duties. Martha continues in her work as a janitor at a school. She also manages a small kiosk where she sells snacks, sodas, and natural beverages to the children during recess. Martha has used her loans to invest in her business, but now she needs to make improvements to the house she inherited from her mother.

She will buy sheets of zinc and crossbeams for the porch. By proceeding gradually with the building improvements to her concrete house, she will make it more durable and provide better conditions for her family. All of this has been made possible with the support of AFODENIC and Kiva, for which she is very grateful.

View original language description ↓
Martha ha sabido salir adelante con sus hijos siendo madre soltera hoy gracias a Dios ya todos están grandes y le ayudan con los quehaceres del hogar, continua siempre con su trabajo de conserje en un colegio y también en el pequeño kiosco donde vende golosinas, gaseosas, refrescos naturales para los niños cuando están en receso, ella ha utilizado sus créditos para invertir en este negocio y ahora lo necesita para mejoras de su casa que le heredo su mamá, comprara laminas de zinc y perlines para el porche ya que poco a poco irá construyendo su casita de concreto para que sea más duradera y así vivir en buenas condiciones con su familia, todo será posible gracias al apoyo que Afodenic y Kiva le brinda por el cual está muy agradecida.

Previous Loan Details

Martha, a hard-working, enterprising and intelligent single mother, invested her previous loan in her business. She plans to build her home. She has encountered difficulties making improvements because the cost of materials and labour is high. She has figured out that the support of this financi... More from Martha Lorena'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
  • 70
    View loans »
    Nicaragua Loans Fundraising
  • $25,034,300
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Martha Lorena to buy sheets of zinc and crossbeams for fixing her porch.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 12, 2012
Jan 1, 2013
Currency Exchange Loss:
Dec 17, 2013