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Update on Esperanza

Esperanza spends the time between getting up early in the morning and going to bed late at night filling sewing orders from her clients. This has been her profession for years. Her husband works for himself as a carpenter. Esperanza took out a prior loan to build a porch and improve a room she was renting, but she wasn't able to complete the job due to increased cost of supplies. She managed only to buy a toilet and put down a floor in the room. With the new loan she's seeking she'll be able to finish the job she so longs to do to provide comfort in her home. She'll use the loan to buy materials including zinc sheets, wood, and iron beams.
View original language description ↓
La señora esperanza, se levanta desde muy temprano hasta acostarse a altas horas de la noche cumpliendo con los encargos de costura que recibe de sus clientes, siendo esta su profesión que ejerce durante años, su esposo por su parte se dedica a la carpintería por cuenta propia. Doña Esperanza solicito un crédito anterior para la construcción de un porche y mejorar un cuarto que tiene en alquiler, pero debido al alza de los productos no pudo concluir con lo propuesto, logrando solamente comprar un inodoro y la puesta del piso del cuarto; con este nuevo crédito solicitado podrá terminar esta obra que tanto anhela para la comodidad en su hogar, con el financiamiento comprara los materiales: laminas de zinc, madera y perlines.

Previous Loan Details

Esperanza is married, all of her children are adults and living on their own but still help her out. She makes a living as a seamstress and has done so for several years. To further help out she sells ice, ice cream, and homemade beans to help cover basic expenses and food. Her endeavors are a... More from Esperanza'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

  • $3,636
    Average annual income
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,053,975
    Funds lent in using Kiva
  • 25.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Esperanza to buy materials: zinc sheets, wood, and iron beams.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Dec 19, 2013
Jan 16, 2014
Currency Exchange Loss:
Nov 17, 2014