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Edelma Del Rosario

Update on Edelma Del Rosario

Edelma is a dedicated person, a product of her work as a teacher. From previous loans she has managed to build a home, but she needs to improve a few things. That's why she is requesting this loan to buy cement, steel, blocks, and quarried stone so that she can build a porch. With this, she improve her home's appearance and improve her family's comfort.
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Edelma es una persona esforzada, producto de su labor como docente y créditos obtenidos ha logrado levantar su vivienda, pero a un necesita mejorar algunos detalles, por lo que solicita crédito para comprar cemento, hierro, bloque y piedra cantera y así poder Construir un porche. Con esto dará mejor presentación a su vivienda y mejorara la comodidad a su familia.

Previous Loan Details

Edelma is asking for refinancing of her 3rd loan in order to invest in the improvement of her home (construction of a room.) She lives in the La Union district, and has worked in education in the Ruben Dario School #2 for the past 9 years. She has a 6 year old son who is currently in primary sc... More from Edelma Del Rosario'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
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 25.7
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,175 helped Edelma Del Rosario build a porch onto her home.
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 9, 2014
May 31, 2014
Currency Exchange Loss:
Jun 30, 2014