Check out some available loans that are similar to this one!
Luz De Lourdes

Update on Luz De Lourdes

Doña Luz de Lourdes continues with her grocery business, but she also sells cosmetics and piñatas, which are her other ventures. Luz invests in the improvement of her family by paying for the household expenses. Being a single mother, she has more responsibility.

Today with this new loan, Luz will buy basic grains, rice, sugar, beans, sodas, and candy. She will also buy new clothing to increase her inventory of products. This will enable her to satisfy her customers and generate more income.

View original language description ↓
Doña Luz de Lourdes, sigue con su negocio de su pulperia, a si como la venta de cosmeticos y piñatas que son sus otras entradas, y que ha venido invirtiendo para el mejoramiento de su familia al poder pagar sus gastos de su familia, teniendo mas responsabilidad al ser madre soltera.
Hoy con este nuevo prestamo, comprara granos basicos, en arroz, azucar, frijoles, gaseosas, golosinas, a si como la compra de ropa nueva, aumentando de productos para sastifacaer al cliente y teniendo mejores ingresos.

Previous Loan Details

Luz is a merchant dedicated to work. She is married and has three children. Her business is a grocery store that she has had in operation for many years. She started out with little and thanks to her tenacity and dedication has managed to evolve and with Afodenic loans had the means to grow. ... More from Luz De Lourdes'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
  • 30
    View loans »
    Nicaragua Loans Fundraising
  • $26,395,725
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $775 helped Luz De Lourdes to buy basic staples, candies, sodas, and clothing to sell.
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 29, 2012
Jun 7, 2012
Currency Exchange Loss:
Jul 7, 2012