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Martha Esther

Update on Martha Esther

Martha is a young married woman. She doesn't have any children yet and lives in the city of Managua. Her commercial activity is being a stylist and also selling beverages, tacos and repochetas in her house. All of this is possible thanks to the supprt of her mother. Martha, as a young entrepreneur, is opting for a second loan for infrastructire. She is going to fix her floor and her main gate. She will buy ceramic tiles, cement, grout, and a ready made gate. The one she has is in bad condition and she urgently needs a new one for more security for her family. These improvements are for her home to look better to visitors and especially to customers.
View original language description ↓
La joven Martha, es casada no tiene hijos aun, habita en la ciudad de Managua, su actividad comercial ahora es de estilista y también la venta de refrescos, tacos y repochetas en su casa, todo esto es posible gracias al apoyo de su mama, Martha como toda una joven emprendedora está optando por su segundo crédito para infraestructura para acondicionar el piso y el portón principal por lo que comprara cerámica, cemento, masía y comprar un portón ya elaborado ya que el que tiene está en muy malas condiciones y es urgente instalar uno nuevo para la mayor seguridad de su familia, todas estas mejoras son con el objetivo de que la casa tenga mejor presentación ante las visitas y en especial por los clientes.

Previous Loan Details

Martha is a young woman who is 22 years of age. She works as a kitchen operator. Since she has experience in this type of work, Martha decided to open a small food stand in her parents’ home where she sells tacos, enchiladas, “repochetas” (pan fried tortillas with cheese), hamburgers, and sodas.... More from Martha Esther'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
  • 55
    View loans »
    Nicaragua Loans Fundraising
  • $25,729,225
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $925 helped Martha Esther to buy ceramic tile, cement, grout and a ready made gate.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 29, 2012
Nov 1, 2012
Currency Exchange Loss:
Nov 30, 2012