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Alba Luz

Update on Alba Luz

Alba’s a woman who like all Nicaraguan mothers seeks ways to get ahead. Her children are all adults; some work and others attend school. She and her husband always support them and they both share household expenses.

Alba has now added to her fast-food business the sale of cosmetics and pastry. She hopes to gradually increase economic stability of her family since food is more expensive every day. This loan she’s requesting will be to buy raw materials for her small business.
View original language description ↓
Doña Alba, una señora que busca como salir adelante como toda madre Nicaragüense, sus hijos son mayores de edad, unos trabajan y otros estudian a quienes siempre apoyan con su esposo, ambos comparten los gastos del hogar, ahora doña Alba a su venta de fritanga también le anexo la venta de cosméticos y reposterías, poco a poco espera ir creciendo para su estabilidad económica familiar ya que hoy en día los alimentos están más caros. Este crédito que solicita es para invertir en materia prima para su pequeño negocio.

Previous Loan Details

Alba Luz continues selling food, and now also cosmetics, with the hope of earning a better income to be able to make improvements to her home. She and her husband are working together toward giving their family a better roof. With this new loan, Alba Luz will purchase corrugated metal and beams... More from Alba Luz'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 Nicaragua

  • $4,800
    Average annual income
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,832,275
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Alba Luz to buy basic grains, flour, fruit and vegetables.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
May 15, 2013
May 22, 2013
Currency Exchange Loss:
Apr 16, 2014