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Maria Auxiliadora
Mrs. Maria Auxiliadora is 44 years of age living in the neighborhood of Santa Rosa. She has three children who are 19, 23, and 25 years of age. One of them is independent and two are studying at university. She is married. Her husband is a contractor for a company in Managua. Maria's business is a small restaurant in her house. She has 44 years of experience in this business, which she inherited from her mother. This small business has special significance since it is a family business and they have put a lot of effort into making it succeed and, in this manner, have income to support the family. The loan will be invested in the business and will be used to purchase ingredients for the dishes that she offers to customers. Her short-term plans are to invest in the restaurant's infrastructure so that she may offer better service. Maria Auxiliardora's greatest wish is to give her children the education that is necessary to become contributing members of society.
View original language description ↓
La Sra. Maria Auxiliadora tiene 44 años de edad, con domicilio en el barrio Santa Rosa, tiene tres hijos de 19, 23 y 25 años de edad, uno de ellos ya es independiente y dos están cursando la universida. Es casada, su esposo es contratista en una empresa de Managua. El negocio de Doña Maria es un pequeño restaurante en su casa de habitación. Tiene 44 años de experiencia en este negocio, el cual fue heredado de su mamá. Este pequeño negocio tiene un significado especial ya que es familiar y han hecho mucho esfuerzo para poder sacarlo adelante y de esta manera poder tener ingresos para sustentar a la familia. La solicitud del préstamo es la inverisión en el negocio, será usado en la compra de materia prima para la elaboración de los platos que ofrece a sus clientes. Sus planes a corto plazo son poder invertir en la infraestructura del local, para así poder ofertar un mejor servicio. El mayor anhelo de Maria Auxiliadora es poder darles a sus hijos la educación necesaria para que estos lleguen a convertirse en personas de bien para la sociedad.

Additional Information

About AFODENIC

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.

About Nicaragua

  • $3,636
    Average annual income
  • 171
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,825
    Funds lent in using Kiva
  • 19.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Maria Auxiliadora purchase ingredients to make her dishes.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 12, 2008
Listed
Sep 28, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009