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Josefa Del Carmen

Update on Josefa Del Carmen

Josefa lives in the town of Ticuantepe with her husband. She runs a small grocery store from home to help cover household expenses. Her husband works for a private company. Right now they are suffering the consequences of winter because parts of the house are divided with metal sheeting. She wants to use concrete bricks to renovate the house, and will use the loan to buy materials such as cement, sand, bricks, and iron so her house will be safer from flooding. She is grateful for this support and new opportunity from Afodenic and Kiva.
View original language description ↓
La señora Josefa habita en el municipio de Ticuantepe, junto a su esposo, ella tiene un pequeño negocio hubicado en su casa de habitacion, un pulperia, su esposa labora para una empresa privada y le ayuda con los gastos del hogar, en la actualida ella sufre los estragos del invierno ya que su casita tiene ciertas partes de Zinc como divicion y ella sueña con poder construirla de Bloques con este credtio compra materiales como: Cemento, Arena Bloques, Hiero. asi su casita tendra mejor seguridad y no se procupara por las inundaciones, Agradece el apoyo que esta recibiendo de Afodenic y Fondos Kiva con esta nueva oportunidad.

Previous Loan Details

Señora Josefa is a businesswoman with a little store where she sells groceries, soft drinks, candies, and fast food, among other products. Thanks to the support that Afodenic offers her through Kiva funds, her business has grown, and now her own business sustains itself. She needs a loan to impro... More from Josefa Del Carmen'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
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $25,011,000
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Josefa Del Carmen to buy construction materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 7, 2013
Jun 10, 2013
Currency Exchange Loss:
Apr 16, 2014