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Reina Teresa

Update on Reina Teresa

Reina is a humble woman who lives in a populous Managua neighborhood with a high crime rate. She is looking to improve her home little by little and provide more security for her children. Reina works in a free zone as a sewing machine operator. She has three school-aged children and her goal is for them to graduate from university. She has her husband’s support and he works as a public transportation conductor. Reina was only able to buy part of the building materials with the money from previous loan, because they keep getting more expensive, and now needs a new loan to buy the rest that she needs to build a wall around her house, which she is doing in stages.
View original language description ↓
Reina es una señora humilde habita en un barrio populoso de Managua, con alto índice delincuencial, por eso ella poco a poco busca mejorar las condiciones de su hogar para brindarles mayor seguridad a sus hijos, Reina trabaja en una zona franca como operaria de máquina, tiene tres hijos todos en edad escolar su meta es que todos ellos puedan graduarse de una carrera universitaria, cuenta con el apoyo de su pareja quien labora como cobrador en un transporte público. Reina con el crédito anterior solamente logro comprar una parte de los materiales, ya que estos están cada vez más caros, ahora con este nuevo crédito comprara los materiales que le hace falta para continuar el nivel del muro de su casa, el cual va haciendo por etapas.

Previous Loan Details

The young Reina is 35 years old. Her life companion works as a bus assistant. She continues with her work as a machine operator in a free zone. Her three children under the age of 14 continue to go to school, and she hopes that all of them can complete studying for a career. This sixth loan that ... More from Reina Teresa'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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 25.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Reina Teresa to buy building supplies.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Nov 25, 2013
Dec 21, 2013
Currency Exchange Loss:
Jul 17, 2014