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Mercedes has been working as a businesswoman for some twelve years, having started her shop with the support of her only son, who is 28 years old. Mercedes lives in Reparto Schick, an area where the people are very poor and there is a lot of crime. Mercedes is a single mother but, thanks to her father who gave her a small plot of land, she was able to build her own, humble house, with a lot of effort. Mercedes is now trying to move forward with the business and wants to invest in more products, such as clothes, perfumes and garments. So, for this, she is applying for a loan so that, with the sales, she can help her son finish his university studies. He will then become a good-standing man and she will be able able to pay household costs.
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Doña Mercedes, tiene como 12 años de trabajar como pequeña comerciante, negocio que comenzó con el apoyo de su único hijo que tiene 28 años de edad, habita en el Reparto Schick una zona con pobladores de escasos recursos y hay mucha delincuencia, ella es madre soltera gracias a su padre quien le regalo un pequeño terreno pudo hacer con mucho esfuerzo su humilde hogar. Hoy en día intenta salir adelante con el negocio al que desea invertirle más productos como ropa, perfume y prendas, es por eso que solicita el crédito para con las ventas ayudar a su hijo a terminar la universidad para que sea un hombre de bien y pagara sus gastos básicos de la casa.

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
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 25.1
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $600 helped Mercedes to buy cosmetics, clothes and garments.
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 23, 2013
Jun 6, 2013
Currency Exchange Loss:
Jul 6, 2013