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Maria Teresa

Update on Maria Teresa

María Teresa, an inhabitant of the Villa Reconciliación neighborhood, does what she can to get ahead in life. Today, her children are all independent thanks to her tireless efforts selling atol coffee [coffee infused with spices] in the streets as well as cosmetics which she continues to do. Maria can always count on the support of her husband who is a builder.

Maria is seeking this loan to continue building her home, this time she wants to put the roof in place, therein advancing step by step.
View original language description ↓
Doña María Teresa, habitante del barrio villa reconciliación, ella a cómo puede busca como salir adelante, hoy en día ya todos sus hijos son independientes, gracias a los incansables esfuerzos de trabajos de doña María Teresa vendiendo café atol en las calles y también cosméticos labor que continua haciendo, siempre contando con el apoyo de su esposo quien es albañil. Ella solicita este apoyo de crédito para seguir con la construcción de su casa, esta vez desea poner el entechado, asi ira avanzado paso a paso.

Previous Loan Details

Maria continues each day with her business selling coffee, bread, warm milk, soft drinks, and chicha (a traditional Nicaraguan beverage made with corn). She sells from place to place. Her goal is to finish building her house, which she has been working on each loan cycle, because she has to allo... 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 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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,597,675
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Maria Teresa to buy zinc sheets and pay for purlins, and pay for labor.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Apr 24, 2013
May 12, 2013
Currency Exchange Loss:
Jul 17, 2014