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Karla Estebana

Update on Karla Estebana

Karla is a hardworking woman, who has had several businesses. She closed her grocery store to open the crafts business she currently runs. The business is growing as she purchases more products and raw materials to make bags. The bags are used to sow plants, and they are sold in the neighboring country of Costa Rica. Karla’s sister lives in Costa Rica, and she is in charge of selling the bags wholesale and receiving the money.

Karla’s loans have been used in her craft business, and Afodenic collaborated in its growth. Karla’s husband is a driver and she has six children. Five of them are married, and the youngest is still in school and financially dependent. With this new loan, Karla plans to purchase decorations, clay pots, and sacks to make more bags. She wants to continue her sales and get better financial results.
View original language description ↓
Doña karla es una mujer emprendedora, en su trabajo, ha tenido diferentes actividades de comercio, la pulpería la cerro, porque inicio el negocio de artesanía que hasta ahora sigue administrando, negocio que ah aumentado de capital al comprar más productos y materia prima para la realización de bolsas el cual son utilizadas en la siembra de plantas, estas la comercializa en el país vecino de Costa Rica, en donde vive una hermana y ella hace la entrega al por mayor y recibe el dinero.
Sus créditos han sido utilizados en comercio, de artesanía, siendo Afodenic, el colaborador de su crecimiento, su esposo labora como conductor, y sus seis hijos, cinco casados y el menor estudia, teniendo ayuda económica de ellos.
Con este nuevo préstamo comprara: adornos, jarros en barro y sacos para hacer las bolsas. Y seguir en sus ventas, teniendo mejores resultados económicos.

Previous Loan Details

Doña Karla, who is a businesswoman, has been increasing her crafts business, since in the past she also had a grocery store, which she closed so that she could work full time in crafts. Now she travels to the country of Costa Rica to buy basic materials, decorations, and caps, and to buy bags ... More from Karla Estebana'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
  • 63
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Karla Estebana to purchase clay decorations and raw materials to make bags and get better results.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 16, 2012
Oct 1, 2012
Currency Exchange Loss:
Aug 18, 2013