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Maria Elsa

Update on Maria Elsa

María Elsa works every day in order to earn a living. She has been a widow for many years. She makes a living selling, mirrors, frames, and beds, which she makes with her children's help. María sells on different roads in the city. María is applying for a loan to buy basic supplies such as wood, resin, paint, lime, screws, frames, glue, talcum powder, and more. These supplies will allow her to make her products and continue to sell them on credit. With this María can cover the main household costs.
View original language description ↓
María Elsa es una señora que trabaja a diario para ganarse la vida, ella es viuda desde hace muchos años. Se dedica a vender de manera ambulante en diferentes rutas, espejos, cuadros y camas los cuales elabora con el apoyo de sus hijos. Solicita el crédito para comprar la materia prima como madera, resina, pintura, cal, tornillos, marcos, pega, talco blanco entre otros que le permitan elaborar sus productos y continuar las ventas al crédito. De esta manera María Elsa mantiene sus gastos principales del hogar.

Previous Loan Details

Maria Elsa continues to produce well-made, beautiful mirrors and frames, work she has been doing for nine years with the financing to meet high demand from her clients, to whom she sells on cash and credit. She will buy plaster, paint, brushes, wood, sandpaper, varnish, and other supplies. For... More from Maria Elsa'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
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $25,413,450
    Funds lent in using Kiva
  • 25.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Maria Elsa to buy wood, resin, paint, lime, glue, screws, and frames.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 29, 2013
Sep 18, 2013
Currency Exchange Loss:
Jul 17, 2014