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Martha Elena

Update on Martha Elena

Martha and her husband work together to provide for their three children. Her salary as a teacher and local school director in not enough to pay the household expenses, so she is applying for a loan to make improvements to her house. She will use the funds to buy zinc sheeting and beams to place a roof over the rooms. The loan will let her make improvements to her house because the interest rate is low. She is grateful to the institution for giving so many an opportunity.
View original language description ↓
Doña Martha y su esposo se apoyan mutuamente con sus trabajos para sacar adelante a sus tres hijos, ella con su salario como profesora y directora de un centro escolar no le es suficiente para los diferentes gastos del hogar, es por eso que acude a préstamos para mejoras de su vivienda, este crédito lo ocupara para comprar laminas de zinc, perlines y entechar cuartos de la casa, con el apoyo de financiamiento le ha sido posible el mejoramiento de la infraestructura de su vivienda porque los intereses son bajos y dan oportunidad a muchas personas por lo que está muy agradecida.

Previous Loan Details

Martha continues working as a school principal, a job she carries out with commitment. She works for the well-being of her family. She has three children. One works and two are in school. Martha has the financial support of her husband who is a welder by trade. Martha's plans include impro... More from Martha 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
  • 76
    View loans »
    Nicaragua Loans Fundraising
  • $25,420,300
    Funds lent in using Kiva
  • 24.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Martha Elena to buy zinc sheeting and beams.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 19, 2013
Mar 1, 2013
Currency Exchange Loss:
Apr 16, 2014