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Maria De Los Angeles
Maria worked in her small business as a street vendor selling arroz de leche (rice pudding) and buñuelos (yuca fritters). She made seventy cups of arroz de leche and one hundred buñuelos every day, and in those years, she managed to gain many customers. That business was her means of covering her expenses, along with the support of her husband, who works as a cart driver.

Her living conditions are modest. Her goal has been to improve her house, which she had been building out of concrete. With financing that Afodenic gave in three cycles, she made short-term progress. [With this loan,] she will continue with the building of the front walls, and if her budget allows, purchase metal sheeting and beams for the roof.
View original language description ↓
Maria se ha dedicado a su pequeño negocio de venta de arroz de leche, buñuelos el cual vende ambulante, haciendo setenta vasos de arroz de leche y cien buñuelos diario, en donde estos años, ha logrado captar su clientela y que ha sido su medio de cubrir sus gastos a si como el apoyo de su esposo que trabaja como carretonero.
Su condicion de vida es sencilla, el cual su meta ha sido la mejora de su casa, que ha venido levantando de concreto, con financiamiento que Afodenic ha dado en tres ciclos, abanzando a corto plazo. Continuara con el levantamiento de paredes en la parte de enfrente, a si como compra de zinc, perlines si le ajusta para su techo.

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 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
  • 50
    View loans »
    Nicaragua Loans Fundraising
  • $26,297,675
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Maria De Los Angeles to purchase construction materials (stone, sand, cement, iron, metal sheeting, and beams) and to continue construction.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
May 25, 2012
May 31, 2012
Currency Exchange Loss:
Apr 18, 2013