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Update on Esperanza

Esperanza is married, all of her children are adults and living on their own but still help her out. She makes a living as a seamstress and has done so for several years. To further help out she sells ice, ice cream, and homemade beans to help cover basic expenses and food. Her endeavors are also used to help pay for the loans obtained for home improvements. The loan currently solicited is to build a porch and make improvements to a bedroom. She needs to purchase cement, cement blocks, sand, iron, and to pay for the labor.
View original language description ↓
Doña esperanza casada, todos sus hijos mayores de edad e independientes que la apoyan, ella se gana la vida brindando servicios de costura desde hace muchos años y para ayudarse un poco mas vende siempre hielo, helados, frijoles cocidos hechos por ella misma para con eso cubrir los servicios básicos, alimentos, así como pagar los financiamientos obtenidos para mejoras de su hogar, este crédito solicitado es para la construcción de un porche y mejora de cuarto, necesita comprara cemento, bloques, arena, hierro y pagar la mano de obra.

Previous Loan Details

Esperanza continues her sewing work and selling sweets, ice, and ice cream. Her husband works always as a bricklayer. Their children are married. Esperanza has always yearned to improve her house. That is where, with financing, she has managed to make progress in the long term. With her pr... More from Esperanza'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

  • $3,636
    Average annual income
  • 154
    View loans »
    Nicaragua Loans Fundraising
  • $24,072,325
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Esperanza to purchase cement, cement blocks, sand, iron, and to pay for labor.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jan 9, 2013
Jan 11, 2013
Currency Exchange Loss:
Dec 17, 2013