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Silvia Mercedes

Update on Silvia Mercedes

Silvia is continuing her business selling clothes and shoes as well as doing fast dressmaking. She is a single mother and has gotten ahead with her family. She has been improving her home little by little.

Two of her children are married and one is studying. Her goal is to continue building a wall since she has only completed the part in front and will now begin building the part in back. The wall on the side is her neighbor's. She would like to close off the back in order to provide more security for her family and her property.
View original language description ↓
Doña Silvia, sigue comercializando, ropa, zapatos y hace costura rapida, es madre soltera, y ha salido adelante con su familia, ha venido mejorando su vivienda, poco a poco,
Dos de sus hijos estan casado y una estudia. Como objetivo es seguir con la construccion del muro, ya que solo hizo la parte de adelante y ahora comenzara hacer la parte de atrás, ya que el que tiene al lado es del vecino, y desea cerrar atrás, dando mejor seguridad a su familia, como a su propiedad.

Previous Loan Details

Silvia is a Dressmaker and Merchant because she has sold clothes and shoes for eight years. She used to work in the Tax Free zone but resigned to work at home dressmaking and selling cosmetics. Her three daughters help her sell the products since it’s via catalogue and they are very well known ... More from Silvia Mercedes'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $4,800
    Average annual income
  • 52
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 23.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Silvia Mercedes to buy construction materials to begin building a wall behind her house.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Jan 13, 2012
Jan 22, 2012
Currency Exchange Loss:
Nov 15, 2012