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Aracely Del Carmen

Update on Aracely Del Carmen

Señora Aracely is 35 years old. She is a businesswoman who began to work a number of years ago to support her family. She continues with her convenience store, which has already been her principal support for approximately eleven years. Her husband, who sells construction materials in a truck, supports her. Together they have succeeded in constructing their concrete house. She is turning to financing in order to complete improvements in their house. Now with this new loan, she will continue the infrastructure of the front part of her house, that is, the porch of her house, because she will need to buy the following construction materials: zinc sheets, rafters, an iron gate, and iron railings, among other items. Thus she will begin construction and achieve better security for her house and her family.
View original language description ↓
La señora Aracely de 35 años de edad, comerciante que inicio hace varios años a trabajar para apoyar a su familia. Continua con su pulperia que ya desde hace once años aproximado es su principal sosten. Su esposo la apoya quien es vendedor de materiales de construccion en un camion. Juntos han logrado ir construyendo su vivienda de concreto. Para realizarle mejoras a su vivienda recurre al financiamiento. Hoy con este nuevo prestamo continuara la infraestructura de la parte frontal de su casa, es decir el porche de su hogar, por lo que necesitara comprar los siguientes materiales de construccion: laminas de zinc, perlines, porton de hierro, verjas de hierro entre otros y empezar asi la obra. Alcanzando con esto mayor seguridad para su vivienda y los suyos.

Previous Loan Details

Aracely owns her own business, one she started several years ago with the goal of supporting her family. She has a convenience store and she sells a variety of consumer products. Her sales have been increasing with the loans Afodenic (Kiva Field Partner) has granted her. She has carried out s... More from Aracely Del Carmen'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
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $25,756,600
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Aracely Del Carmen to build the front part of her house.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Mar 31, 2012
Apr 19, 2012
Currency Exchange Loss:
Feb 15, 2013