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Teresa De Los Angeles

Update on Teresa De Los Angeles

Sra. Teresa T. is a determined, responsible, and strong-willed woman. Her greatest wish is to contribute to the infrastructure of her home and provide her children and the rest of her family better living conditions. Teresa currently sells soft drinks, sodas, shoes, and other products. She is in her seventh loan cycle. Teresa is grateful for the micro-loans because they have enabled her to take advantage of a wide variety of credit products.

This loan will be used to purchase building materials such as supports, sand, quarry stones, iron, bags of cement, wire, nails, sheets of fiberboard, crossbeams, sheets of zinc, welding supplies, and other items so that the construction of two rooms can begin. By obtaining these materials, her family will be able to enjoy more privacy. Her plan for the future is to continue with the construction of her modest home so that it can finally reach completion.

View original language description ↓
La señora Teresa T. es una mujer luchadora, responsable y esforzada su gran sueño ha sido colaborar en la infraestructura de su hogar y ofrecerles de esta forma a sus hijos y demas familiares mejores condiciones de vida. Hoy en dia se dedica a la venta de refrescos, gaseosas, zapatos y otros productos. Siendo este su septimo ciclo de credito agradece a la micro-financiera por hacerla participe de la gran familia de creditos. Con el prestamo comprara materiales de construccion tales como: estribos, arena, piedras canteras, hierro, bolsas de cemento, alambre de amarre, clavos, laminas de plycem, perlines, laminas de zinc, soldaduras entre otros y asi empezar la construccion de dos cuartos obteniendo con estos que los suyos gocen de mejor privacidad. Su plan a futuro es seguir construyendo su humilde casa hasta darla por finalizada completamente.

Previous Loan Details

Teresa is a single mother; she’s an honest and hard working woman. Her goal is that her children prepare themselves professionally and that she attains a better standard of living. She works as a domestic employee and hopes to get a better job this New Year. Her plans are to continue impro... More from Teresa De Los Angeles'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
  • 61
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Teresa De Los Angeles to buy construction supplies for building two rooms.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Apr 28, 2012
May 23, 2012
Currency Exchange Loss:
Jun 18, 2013