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Silvia Elena
Silvia, age 39, lives in the Villa Venezuela neighborhood. She is married, and her husband works as a taxi driver. They have two children, age 10 and 19, and the children go to school.

She sells used clothes and cosmetics at her house. At times she goes with her husband to sell in the departments. She does this in order to manage to balance the expenses with the sales.

This is the first loan that Silvia has requested from AFODENIC. She will use the loan to invest in her business with a variety of clothes and shoes. This investment will help her quite well to improve her family’s finances a bit.
View original language description ↓
Doña Silvia, una señora de 39 años de edad habitante del barrio Villa Venezuela, es casada, su esposo trabaja como taxista, tienen dos hijos de 10 y 19 años de edad quienes van a la escuela, ella se dedica a la venta de ropa usada y cosméticos en su casa, a veces sale a vender a los departamentos en compañía de su esposo para lograr equilibrar los gastos con las ventas. Doña Silvia solicita este primer crédito con Afodenic para invertir en su negocio con variedades de ropa y zapatos, esta inversión le vendrá muy bien para mejorar un poco su economía junto a su familia.

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.

About Nicaragua

  • $4,800
    Average annual income
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,553,900
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Silvia Elena to buy clothes, cosmetics, and shoes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Apr 30, 2013
May 16, 2013
Currency Exchange Loss:
Jun 17, 2014