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Gloria Maria
Ms. Gloria Maria Gutiérrez lives in the Hialeah neighborhood of the capital city of Managua. She is a 47-year-old widow with a grown-up son. She has owned a snack bar for 6 years, setting it up with the support of her husband. She plans to be able to offer a greater amount and variety of products to her patrons. She is in her fourth loan cycle, and she will invest the loan in purchasing construction materials to build a pantry and remodel the kitchen. She gives thanks to the institute for helping her business grow.
View original language description ↓
Doña Gloria Maria Gutiérrez, reside en el barrio Hialeah en la capital de Managua, tiene 47 años de edad, con un hijo mayor de edad, es viuda. Su negocio es un cafetín que desde hace seis años administra, el cual inicio con apoyo de su esposo sus planes es poder ofertar en mayores cantidad de productos y variedades a sus clientes. Con este crédito es su cuarto ciclo el cual va invertir en la compra de materiales para construir pantry y remodelar la cocina. Da las gracias a la institución por los beneficios de crecer en el negocio como en las mejoras logradas hasta ahora.

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
  • 54
    View loans »
    Nicaragua Loans Fundraising
  • $26,297,675
    Funds lent in using Kiva
  • 19.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Gloria Maria purchase construction materials to build a pantry and remodel the kitchen.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 19, 2009
Jul 1, 2009
Currency Exchange Loss:
Jun 15, 2010