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Maria Elsa
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Doña María Elsa is 58-years-old. She lives in the Carlos Aguirre neighborhood. She has 5 children, and her life companion is a salesman.

Doña María Elsa makes and sells mirrors, which she makes herself by hand. She has been in this business for 5 years, and the difficulties that she has faced have been in periods of low sales due to the difficult economic situation in the country. She started this business with severance pay from her old job, all due to the attraction she felt for making mirrors, and she thought it could be a good business. The use of this loan will be the purchase of supplies so she can make her mirrors. She has large orders and doesn't have enough capital to satisfy the demand of her customers. She hopes to be able to keep working hard to grow her business and to make it stable.

Translated from Spanish by Tanya Harper, Kiva volunteer

Doña Maria Elsa tiene 58 años de edad, habita en el barrio Carlos Aguirre, tiene 5 hijos quienes son estudiantes, su compañero de vida es agente vendedor.

Doña Maria Elsa se dedica a la elaboración y venta de espejos, los cuales los hace ella misma y de forma artesanal. Tiene 5 años de estar en este negocio y las dificultades que ha encontrado son las épocas en que hay ventas bajas debido a la difícil situación económica del país. El negocio lo empezó con la liquidación del antiguo trabajo, todo debido a la atracción que sentía por la elaboración de espejos y pensó que podría ser un buen negocio. El uso del préstamo será la compra de materia prima para la elaboración de espejos, ya que tiene pedidos grandes y no cuenta con suficiente capital para satisfacer la demanda de sus clientes. Espera poder seguir trabajando duro para hacer crecer su negocio y hacerlo más estable.

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
  • 69
    View loans »
    Nicaragua Loans Fundraising
  • $25,049,000
    Funds lent in using Kiva
  • 19.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Maria Elsa to purchase supplies to make her mirrors.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 14, 2008
Jul 27, 2008
Currency Exchange Loss:
Sep 15, 2009