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Silvia Elena
Mrs.Silvia lives in the Hialeah neighborhood of the city of Managua, her husband is a builder and they have three children, 7,15 and 18 years old. She is 35 years old and her business is a small general store which she has been running for the last four years. She started the store in order to help her husband with the home expenses, and she plans to finish her house and help their children with their education. She will use the proceeds of this loan to purchase construction materials for a roof of a room that they have been building little by little. What she most wants is to have a proper home that will be safe for her family. She has the advantage of not needing to pay for labor since her husband is doing the building. This is her second loan with Afodenic and she is thankful for the goals that she has been able to achieve. She plans to sell more products in the future that will generate good income.
View original language description ↓
La señora Silvia reside en el barrio Hialeah en la ciudad de Managua, su esposo es albañil y tiene tres hijos de 7,15 y 18 años de edad, ella tiene 35 años de edad, su negocio es una pequeña pulpería que administra desde hace cuatro años, el cual inicio con la necesidad de ayudar a su esposo a solventar los gastos del hogar, sus planes es poder terminar de hacer su casa, apoyar a sus hijos con los estudios. Con esta solicitud de crédito va invertir en materiales de construcción para poner techo a un cuarto ya que ha ido construyendo poco y lo que mas desea es poder tener una casa digna y segura para su familia, la ventaja que tiene que no gasta en mano de obra que es cara ya que su esposo la construye, este es su segundo ciclo en Afodenic y da las gracias por sus metas alcanzada. A futuro espera vender otros productos que le generen buena ganancias.

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.

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
  • 31
    View loans »
    Nicaragua Loans Fundraising
  • $26,396,925
    Funds lent in using Kiva
  • 20.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Silvia Elena purchase materials for a roof and construction of a room in her house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 14, 2009
Apr 16, 2009
Currency Exchange Loss:
May 15, 2010