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Josefa Nuvia

Update on Josefa Nuvia

Josefa Nuvia lives in a poor neighbourhood of Managua. She has had a small business selling clothes, shoes, and many other products for several years. She covers half her family’s expenses, including the education of her 16-year-old daughter. Her husband works long days as a bus operator. Together they have built a foundation for the future of their family. Josefa is requesting the loan in order to purchase and offer more new products to her clients, such as clothes, shoes, ladies’ handbags, and cosmetics. She always has orders to fill, which allows her to back her loan with AFODENIC.
View original language description ↓
Josefa Nuvia habita en un barrio pobre de Managua, tiene varios años de ser comerciante minorista de ropa, calzado y muchos más productos. Ella cubre la mitad de los gastos de su familia, especialmente la educación de su hija de 16 años de edad, su esposo trabaja largas jornadas como operador de un autobús y juntos han construido las bases para el futuro de su familia. Doña Josefa solicita el crédito para comprar y ofrecer más y nuevos productos a sus clientes como: ropa, zapatos, carteras de dama y cosméticos. Ella siempre tiene pedidos que cumplir que le permite respaldar su crédito con AFODENIC.

Previous Loan Details

Mrs. Josefa is a salesperson; her loan is to increase her sales by buying items like perfumes, new clothing, purses, and cooking pans. The loan has made a difference in her business since she has more products to offer and has helped her improve her life. The obstacles that she has had to overcom... More from Josefa Nuvia'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
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $25,083,825
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Josefa Nuvia to purchase and offer more new products to her clients, such as clothes, shoes, ladies' handbags, and cosmetics.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Oct 11, 2013
Oct 17, 2013
Currency Exchange Loss:
Jun 17, 2015