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Update on Margarita

Margarita is a humble, hardworking woman who lives in Ticuantepe with her family. Her biggest dream is to be able to improve her living conditions. Her husband works for a private company and helps her with the household expenses. Margarita sells fried treats on the weekends. She will use this loan to buy materials to keep building her house. This time she will buy cement, rebar, cinder blocks, and other supplies. She is grateful for the support that Afodenic and Kiva have provided her.
View original language description ↓
La señora Margarita, humilde, trabajadora, habita en el municipio de Ticuantepe junto a su familia, su mayor sueño es poder mejorar sus condiciones de vida, su esposo la apoya con los gastos del hogar ya que trabaja para una empresa privada, ella por su parte es comerciante vende fritangas los fines de semana, con este credito comprar materiales para seguir construyendo su vivienda, esta vez comprara. Cemento, Hierro, Bloques , etc. Agradece el apoyo que Afodenic y Fondos Kiva le han brindado.

Previous Loan Details

Margarita lives in Ticuantepe with her family; her husband works as an independent laborer to help her with household expenses. Her plan for the family is to build a wall in the rear of the house because what currently separates the property is very old metal sheeting, plastic and pieces of wi... More from Margarita'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
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Margarita to buy construction materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 28, 2013
Jul 7, 2013
Currency Exchange Loss:
Aug 17, 2014
This photo was used before for a previous loan for Margarita. It was first posted on Kiva on Apr, 2012. Learn More