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Eugenia Raquel

Update on Eugenia Raquel

Eugenia is 31 years old and lives in a neighborhood in the capital Managua. She has sold cosmetics, underwear and silver garments for the past five years, a business that is sustaining her family. She is now requesting her fourth loan to continue making improvements to her home. Now she will be installing ceramic on the floor of her house, for which she needs to buy ceramic, filler, cement and pay for the labor. In this way she will be continue improving the appearance of her home, thanks to the existence of this financing possibility.
View original language description ↓
Eugenia señora de 31 años de edad habitante de un barrio de la capital Managua, siempre se dedica al comercio de cosméticos, ropa interior, prendas de plata hace 5 años, negocio con el que se está sustentado su familia. Nuevamente solicita su crédito número 4 para seguir realizando mejoras en su hogar, en esta ocasión pondrá cerámica en el piso de su casa por lo que necesita comprar cerámica, masía, cemento y pagar la mano de obra, de esa forma irá mejorando la imagen de su vivienda, gracias a que existe la posibilidad del financiamiento.

Previous Loan Details

Doña Eugenia is a merchant who sells clothing, cosmetics, and silver jewelry. For the past four years, she has worked for the common good of her family. Her husband works as plumber for the Enacal Company. Her three young children are in school. Eugenia started out selling ice and fresh ... More from Eugenia Raquel'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 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
  • 73
    View loans »
    Nicaragua Loans Fundraising
  • $25,781,475
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Eugenia Raquel to buy pottery, filler, cement and to pay for labor.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Sep 7, 2012
Oct 2, 2012
Currency Exchange Loss:
Aug 17, 2014