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Luz Marina

Update on Luz Marina

Luz Marina is a young mother with a great desire to succeed in life. She is always looking for a way to get ahead with her husband and her daughter.

One of her greatest desires is to be able to build her own home in order to be independent with her family.

This is why she works every day selling hats and national footwear products. She is asking for a loan to invest in those products in order to always have something available for her customers.
View original language description ↓
Luz marina, una joven madre con muchos deseos de superación en la vida, siempre busca como salir adelante junto a su esposo e hija, uno de sus mayores anhelos es poder construir su propia casa para ser independiente junto a su familia, es por eso que ella trabaja día a día vendiendo sus productos de sombreros y calzados nacionales, el crédito lo solicita para invertir en los productos mencionados para tener siempre que ofrecerle a los clientes.

Previous Loan Details

Luz is married and her children are in school. Her husband is a salesman. Together, Luz and her husband have managed to improve their standard of living. Her plans are to finish building her home. Luz and her husband have been salespeople for some time and they have experienced problems in th... More from Luz Marina'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
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,575,325
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Luz Marina comprar sombreros y zapatos.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
May 28, 2013
Jun 18, 2013
Currency Exchange Loss:
May 17, 2014