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Rosa Maria
Rosa M. is 41 years old, married, living with her family in the Sabana Grande neighborhood of Managua. Her husband works for a private enterprise and they have two children: a 12- and an 18-year-old, who are in secondary school. She sells used clothing, a business she has been involved with for the past 16 years and which earns her funds with which to help pay household expenses. She began with her own savings as well as loans that have allowed her to maintain her sales. This is her 8th cycle with Afodenic and she intends to use these funds to buy wholesale bales of used clothing as well as school uniforms since Nicaragua's national holiday is fast approaching and this is when parents traditionally purchase school uniforms. She hopes to have her own store and thanks the institution for the growth attained to date which has allowed her to keep her client base and earn profits that have helped her meet her personal needs.
View original language description ↓
La señora Rosa M. de 41años de edad, casada, reside junto con su familia en el barrio Sabana Grande en la capital de Managua, su esposo trabaja en una empresa privada, tiene dos hijos de 12 y 18 años de edad que cursan la secundaria, su negocio es la venta de ropa usada que inicio hace dieciséis años para sobresalir adelante con los gastos de la familia, comenzó con ahorros y prestamos el cual le ha sido de mucho beneficios por lograr mantener las ventas, este es su octavo ciclo en Afodenic el cual con este comprara pacas de ropa y uniformes de estudiantes ya que se acerca las fiestas patrias de Nicaragua y los padres comprar uniformes bastante. Espera poder tener su propia tienda. Da las gracias a la institución por los logros alcanzados el cual se ha beneficiado en mantener su clientela y ganancias la cual ha sastifacido sus necesidades personales.

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 Nicaragua

  • $4,800
    Average annual income
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 20.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Rosa Maria to purchase school uniforms and bales of used clothing.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 18, 2009
Sep 1, 2009
Currency Exchange Loss:
Apr 15, 2010