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Update on Maria

María has once more requested a loan given her need to construct a porch on her house. She has been improving her property with the help of loans as it is difficult to build with only her salary. So she has to plan for accessible quotas so she can also cover her other expenses and not upset the financial stability of her household. She works as a teacher in a public school. Her two oldest children are independent and her youngest studies in primary school. She is single and she has to support her youngest son. He is what inspires her to make improvements to the condition of her home. She proposes to buy construction materials like cement, re-bar sand and to pay for labor to construct her porch.
View original language description ↓
Doña maría se remite nuevamente a solicitar financiamiento ante la necesidad de que tiene de construir un porche en su vivienda, ella ha venido mejorando su propiedad a base de créditos ya que se le dificulta realizar la construcción de un solo por ser asalariada por lo tanto tiene que programarse cuotas accesible para ella poder asumir sus otros gastos paralelamente y no afectar su estabilidad económica en su hogar. Desempeña labor como docente en una escuela publica sus dos hijos mayores son independiente y el menor estudia la primaria, ella es soltera y le toca la manutención de su hijo menor y por el cual la impulsa a mejorar para brindar mejorares condiciones en su hogar, por lo que se propone comprar materiales de construcción como cemento, arena, piedrin hierro y pagar mano de obra para construir su porche.

Previous Loan Details

Maria works as an assistant principal at a local elementary School. She has been teaching for 24 years. She is a responsible and well-mannered woman and is very well liked in her community by her work colleagues and her students. She has the financial help of her life partner who works on a fa... More from Maria'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
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,575,325
    Funds lent in using Kiva
  • 25.9
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $775 helped Maria to buy construction material like cement, re-bar, sand and to pay for labor.
66% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 11, 2014
Jun 22, 2014
Currency Exchange Loss: