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Rosa Maria

Update on Rosa Maria

Rosa continues in her business selling plastic products and clothing, which she sells both to order and retail. She buys her products from a supplier in a factory who gives her a good price. The products are good quality and last well even though they are plastic.

Rosa's husband continues working as a cook. One of her daughters got married and the other is still studying.

With this new loan, Rosa will be able to buy more clothes, shoes, perfumes and plastic products which are in great demand this season because of La Purísima* Her goal is to achieve more sales and make better profits which will cover her basic and personal expenses.

* (an annual celebration of the purity of the Virgin Mary when those with the means to do so are expected to throw a celebration for their neighbors)
View original language description ↓
Doña Rosa, sigue con su negocio de venta de productos plasticos y la venta de ropa, el cual vende por encargo y al detalle, los cuales los compra al proveedor en una fabrica, dando a mejor precio, y siendo de buena calidad, y de duracion al ser plastico.
Su esposo sigue con su trabajo de tortero, de sus dos hijas, una se caso y la otra estudia. Con este nuevo prestamo podra optar por mas productos en la compra de ropa, zapatos, perfumes, y productos plasticos que son de mucha demanda en esta temporada por el rezo a la purisima, teniendo por objetivo mayores ventas, logrando obtener mejores ganancia que sastifaga las necesidades en gastos basicos y gastos personales.

Previous Loan Details

Señora Rosa Maria M. is 42 years old and lives in the Sabana Grande district. She is married and her husband works as a miller in a workshop. They have two children, one is a teenager and the elder one is at college studying. For the last 11 years, Señora M. has been selling clothing, plastic ite... More from Rosa Maria's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Nicaragua

  • $4,800
    Average annual income
  • 57
    View loans »
    Nicaragua Loans Fundraising
  • $25,729,225
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Rosa Maria to invest in buying clothing, shoes, perfumes and plastic products in bulk.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Nov 18, 2011
Dec 1, 2011
Currency Exchange Loss:
Jul 15, 2012