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Maria Elena
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Doña María Elena is 51-years-old. She is a single mother of 2 sons, one who is 25, and one who is 30. Both are now independent. Her 25-year-old son helps her at her grocery store after work. They live in the Monseñor Lezcano neighborhood, one of the largest and oldest neighborhoods of Managua. Doña María Elena has had this grocery store for more than 15 years, and it has grown over the years. In her store, she sells basic products for the home and cosmetics. Doña María Elena is requesting this credit to buy school supplies like notebooks, pencils, uniforms, shoes, etc., since classes are about to start. This is the right moment to invest in this merchandise and to obtain profits.

Translated from Spanish by Tanya Harper, Kiva volunteer

Doña Maria Elena tiene 51 años de edad, es madre soltera de 2 hijos, uno de 25 años y otro de 30 años, ambos ya son independientes. Su Hijo de 25 años después de horas laborales le ayuda en la pulpería, habitan en el barrio Monseñor Lezcano uno de los barrios más grandes y más antiguos de Managua. Doña Maria Elena tiene ya más de 15 años de tener esta pulpería que con los años va creciendo un poco más. En su pulpería ella vende productos básicos del hogar y cosméticos. Doña Maria Elena solicita el crédito para comprar útiles escolares como cuadernos, lapices, uniformes, zapatos, etc. ya que las clases están por empezar, y es el momento adecuado para colocar esta mercadería y obtener más ganacias.

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
  • 45
    View loans »
    Nicaragua Loans Fundraising
  • $26,238,100
    Funds lent in using Kiva
  • 18.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Maria Elena purchase of school uniforms and notebooks.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Feb 4, 2008
Jan 20, 2008
Currency Exchange Loss:
Oct 13, 2008