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Elba María
Elba is a 47 year old woman. She has four children and one lives outside the country. Another daughter is a lawyer. Her husband worked outside the country and when he returned with his earnings, they got the idea to open a pizza parlor and it’s doing well. They’ve had it for about six years and they also rent out rooms, mainly to students, to earn extra income. Now, in order to move the business ahead, along with her two children who study at university, she is requesting a loan to that she can replace the roof in her home, because the current one has deteriorated. She needs to buy zinc metal sheeting, and iron bars to be able to improve the conditions in her home and for the renters. She is very willing to complete her goals because she wants her family to have a dignified home and better living conditions with her husband’s help.
View original language description ↓
Elba es una señora de 47 años de edad, tiene 4 hijos una vive fuera del país otra ya es abogada, su esposo trabajaba en el extranjero al regresar al país con sus ahorros, toman la idea de poner el negocio de una pizzería el cual les va muy bien y ya tiene seis años aproximadamente y como otro ingreso extra alquilan cuartos por lo general a estudiantes. Ahora su manera de sacar adelante el negocio y sus dos hijos que todavía están cursando la universidad, es solicitar crédito para cambiar el techo de su vivienda en vista de que esta deteriorado, por lo que necesita comprar laminas de zinc y perlines para así poder dar mejores condiciones a su casa y sus inquilinos. Ella está muy anuente a cumplir con sus metas establecidas por que desea que su familia tenga una casa digna y mejorar las condiciones de vida con la ayuda de su esposo.

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
  • 58
    View loans »
    Nicaragua Loans Fundraising
  • $25,729,225
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Elba María to replace her roof.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Aug 22, 2012
Oct 1, 2012
Currency Exchange Loss:
Aug 18, 2013