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Aracely Del Carmen
Araceli del Carmen Ríos is 32 years old. She lives in the Memorial Sandino neighborhood in the capital of Managua. She has two children, aged 6 and 9, who study for better lives and wellbeing. Her business is in the sales of milk products, sodas, candies and cosmetics like a small general store. She started this business with money that her husband gave her and with financing from Afodenic. This is her tenth cycle, and she has been able to invest in her business to supply it and increase her sales. Her husband has two trucks from which he sells sand, gravel and quarry rock and makes trips to obtain them, so everything is profit. Araceli will invest this loan in the purchase of basic grains and cosmetic goods to offer her customers a variety of products, which she hopes will increase her sales and outcome. Her plan is to continue constructing her house to give a decent home to her family.
View original language description ↓
Doña Araceli del Carmen Ríos de 32 años de edad, reside en el barrio Memorial Sandino en la capital de Managua, tiene dos hijos de 6 y 9 años de edad, el cual estudian para un porvenir mejor de sus vidas. Su negocio es la venta de productos lácteos, gaseosas, golosinas y cosmético es como una pequeña pulpería. Este negocio lo comenzó con dinero que su esposo dio y con financiamiento que Afodenic dio es su décimo ciclo y ha logrado invertir para surtir su negocio y aumentar las ventas. Su esposo tiene dos camiones en donde vende arena, piedrin y piedra cantera y algún viaje que le salga hace ya que todo es entrada de ingresos. La señora Araceli invertirá con este préstamo en la compra de granos básicos y productos de cosméticos para ofrecer a sus clientes la variedad de productos, lo cual espera aumentar las ventas y obtener mejores resultado. Ya que sus planes es poder seguir construyendo su vivienda para dar una casa digna a su familia.

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
  • 20.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Aracely Del Carmen to purchase basic grains, milk products, cosmetics and others to increase her sales.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 21, 2009
Oct 1, 2009
Currency Exchange Loss:
Aug 15, 2010