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Xiomara Del Carmen
Xiomara B. is 38 años years old and lives in the neighbourhood Laureles Sur in the capital of Managua. She is married and has four children: two now adults and two who study. Her husband works independently as a gardener and has clients who call him for his gardening services. Xiomara's runs a business selling cosmetics. Previously she had a grocery store but the margin of earnings was low, which is why she opted to change businesses and she is doing better with cosmetics. This is her seventh cycle with Afodenic, and she aims to invest this loan in purchasing a range of cosmetics to satisfy the demand of her clients. She sells her products for cash and two-week credit at accessible prices. Her goal is to enlarge her business, improve her house and help her two younger children with their education. She gives thanks to Kiva for the opportunity to increase her sales and improve her quality of life, as it is only through financing that she is able to get ahead.
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Doña Xiomara B. de 38 años de edad, reside en el barrio Laureles Sur en la capital de Managua, casada y con 4 hijos dos mayores de edad y dos estudian. Su esposo trabaja como jardinero y lo hace independiente, pues tiene clientes que lo llaman para hacer su servicio de jardinero. El negocio de la señora Xiomara es la venta de cosmético, anteriormente tenia una pulpería pero el margen de ganancia era bajo, el cual opto por cambiar de venta y le va mejor en los cosmético, son siete ciclo en Afodenic el cual invertirá con este préstamo, en la compra de cosméticos variados para sastifacer la demanda de sus clientes, vende al contado y al crédito de quincena, los productos son accesibles de precios. Como objetivo es ampliar su negocio, hacer mejora a su casa, como ayudar a sus dos hijos menores en la educación. Agradece a la institución por la oportunidad de poder incrementar sus ventas y mejorar su nivel de vida, ya que solo mediante el financiamiento logR. salir adelante.

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
  • 30
    View loans »
    Nicaragua Loans Fundraising
  • $26,391,875
    Funds lent in using Kiva
  • 20.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Xiomara Del Carmen purchase a range of cosmetics to meet demand.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 26, 2009
Oct 1, 2009
Currency Exchange Loss:
Apr 15, 2010