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Karla Estebana

Update on Karla Estebana

Karla is a hard-working woman. She has seen to it that her six children have grown and are now independent and married, which is a source of great happiness for her. Now, she only works to cover her expenses together with her husband. Karla continues with her small business selling decorative crafts made from clay, Nicaraguan crafts which she buys and sells.

She is seeking this loan in order to keep investing in these varied products, since this is her only way to make a living.
View original language description ↓
Doña Karla, una señora trabajadora que ha cumplido con darles de crecer a sus hijos hoy en día son independientes y casados los seis lo cual para ella es una gran alegría, ahora ella solamente trabaja para cubrir sus gastos junto a su esposo. Karla continua con el pequeño negocio de venta de artesanías productos de adornos para el hogar elaborados a base de barro, artesanía Nicaragüense los cuales compra y vende. Ella solicita el crédito para continuar invirtiendo en estos productos variados, siendo esta su única manera de ganarse la vida.

Previous Loan Details

Karla is a hardworking woman, who has had several businesses. She closed her grocery store to open the crafts business she currently runs. The business is growing as she purchases more products and raw materials to make bags. The bags are used to sow plants, and they are sold in the neighboring c... More from Karla Estebana'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
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $25,011,000
    Funds lent in using Kiva
  • 25.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Karla Estebana to buy varied craft products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 29, 2013
Jul 13, 2013
Currency Exchange Loss:
Jul 17, 2014