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Silvia Teresa

Update on Silvia Teresa

Silvia is 49 years old and a resident of Villa Reconciliación, a poor area of Managua. She is a single woman and mother of three children with whom she is looking to get ahead.

Currently Silvia is earning a living from her small grocery store, which she wants to invest in with various products. It is for this reason that she is asking for the support of a loan and to continue sales in order to care for her children. It is difficult for her to pay the different expenses due to lack of products to offer.
View original language description ↓
La señora Sivia, de 49 años de edad habitante de Villa Reconciliación, una zona marginal de Managua, es una mujer soltera madre de tres hijos con quienes busca como salir adelante, en la actualidad Silvia se dedica a su pequeña pulpería, en el que desea invertir con productos, es por esta razón que solicita el apoyo de crédito y continuar con las ventas para la manutención de sus hijos y así poder pagar los diferentes gastos que se le presentan que en muchas ocasiones se le dificulta un poco debido a la carencia de productos para ofrecer.

Previous Loan Details

Silvia has her own business selling clothing and cosmetics and she has more than four years' experience. She is a seamstress by trade but with the objective to earn a little more money she started to sell cosmetics and it has helped her very much. Thanks to the loans from Afodenic (Kiva Field Par... More from Silvia Teresa'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
  • 79
    View loans »
    Nicaragua Loans Fundraising
  • $25,420,300
    Funds lent in using Kiva
  • 25.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Silvia Teresa to buy basic grains, dairy products, various meats, and sweets, among others.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 8, 2013
Jul 8, 2013
Currency Exchange Loss:
Jul 17, 2014