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Maria Elsa

Update on Maria Elsa

Maria Elsa continues to produce well-made, beautiful mirrors and frames, work she has been doing for nine years with the financing to meet high demand from her clients, to whom she sells on cash and credit. She will buy plaster, paint, brushes, wood, sandpaper, varnish, and other supplies.

For Maria Elsa, producing more products means higher profits to pay workers, buy food, pay her utilities, and make her loan payments, while being a single mother who has even managed to help her older children financially. Working with Afodenic has made these achievements possible.
View original language description ↓
Maria Elsa, sigue elaborando espejos y cuadros muy buenos y bonitos, trabajo que hace desde hace nueve años, y que ha venido trabajando con financiamiento, ya que soy muy demandado por los clientes, vendiendo al contado y al credito.
comprara materiales en yeso, pintura, pinzel, madera,lija,esmalte entre otros.
Para ella el producir mas productos, es obtener mejores ganancias, en donde distribuye en pago de trabajadores, pago de alimentacion, servicios de agua, luz, y sus compromisos de pago, siendo madre soltera y que hasta ahora logro apoyar a sus hijos mayores. Y que junto a Afodenic ha sido posible estas mejoras.

Previous Loan Details

María is a small merchant. She has her own mirror manufacturing and oil paintings framing business. She’s been in this line of work for over 8 years for the benefit of her four children. Through Afodenic she enlarged her business making more items that have increased her sales and brought mo... More from Maria Elsa'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
  • 59
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,550
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Maria Elsa to buy plaster, paint, wood, and other materials to make mirrors and frames.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 8, 2012
Jul 6, 2012
Currency Exchange Loss:
Jul 18, 2013