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Karen Carolina
Karen is a young woman of 23 years old, single, who lives with her parents in very simple conditions. She has put a lot of effort into finishing her studies during the past year, and she received her degree in accounting which helps her in her job as a bank teller. She paid for her degree with loans, and is very satisfied to have concluded this part of her studies for the moment, as she would like to continue studying in the future.

As she has paid back these previous loans, she would now like to improve her house as it is very unsafe and made of old zinc, so she wishes to improve the infrastructure and will start with constructing concrete walls little by little as the construction costs are very high.

She will buy stone, blocks, sand, cement, iron, and tables to begin the work.
View original language description ↓
Karen es una joven de 23 años, soltera, vive junto a sus padres, de condición muy sencilla, le ha tocado mucho esfuerzo terminar sus estudio el año pasado, saco su titulo de Licenciada en contabilidad, ayudándose con su trabajo de cajera en un banco, su titulo lo pago con préstamos, muy sastifecha al poder concluir parte de sus estudios en este momento, ya que su objetivo es seguir estudiando.
Hoy que ya cancelo su crédito, está optando por hacer mejora a su casa, siendo muy insegura y de zinc viejo, el cual desea mejorar la infraestructura en comenzar a construir el arranque de concreto hasta donde llegue, en donde irá por parte ya que los materiales de construcción están ah altos costos. Materiales a comprar: piedra, bloques, arena, cemento, hierro, tablas y comenzar la obra.

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
  • 47
    View loans »
    Nicaragua Loans Fundraising
  • $26,238,100
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Karen Carolina to buy construction materials to begin making the walls of her house concrete.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jun 29, 2012
Jul 14, 2012
Currency Exchange Loss:
Feb 17, 2014