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Maria De Lourdes

Update on Maria De Lourdes

Maria de Lourdes has had several loan cycles in AFODENIC.

She is again seeking refinancing to continue the project which began some time ago: to put a roof on her house. This time, she will roof the porch, as the zinc is currently deteriorated.

She works in a cafe together with her sister. Her husband has a taxi, and in this way both of them help their family get ahead. She hopes in the future to be able to live in a house completely equipped for her family's needs.

With the loan, she will buy structural tubing, zinc sheets and anti-corrosive paint.
View original language description ↓
Maria de Lourdes con varios ciclos de créditos en AFODENIC, solicita nuevamente un refinanciamiento para continuar con la obra que hace algún tiempo ya empezó, y es la de poner el techo en su vivienda, esta vez techará el porche, ya que actualmente el zinc está deteriorado. Ella trabaja en un cafetín junto a su hermana. Su esposo tiene un taxi, y de esta manera es como ambos sacan adelante a su familia. Espera en un futuro poder ver su casa totalmente acondicionada a las necesidades de su familia. Con el crédito comprará perlines, láminas de zinc, pintura anticorrosiva.

Previous Loan Details

María is a merchant. For the last thirteen years she’s been selling food in a snack bar that she runs with her sister. Her husband works as a taxi driver; he owns the taxi. She has managed to sell a variety of dishes thanks to the loans that Afodenic has given her during several cycles. F... More from Maria De Lourdes'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.


About Nicaragua

  • $4,800
    Average annual income
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,413,450
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $800 helped Maria De Lourdes to buy structural tubing, zinc sheets and anti-corrosive paint.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 22, 2013
Oct 3, 2013
Currency Exchange Loss:
Nov 2, 2013