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Josefa Nuvia

Update on Josefa Nuvia

Mrs. Josefa is a salesperson; her loan is to increase her sales by buying items like perfumes, new clothing, purses, and cooking pans. The loan has made a difference in her business since she has more products to offer and has helped her improve her life. The obstacles that she has had to overcome are the health of her youngest child and that of her sister who were sick but are ‘now doing well, thank God.’ Her future plans are to travel outside of the country to buy silver jewelry and to sell them in her home to have better earnings. Besides her main business, Mrs. Josefa also sells beef. She has three children, and the oldest is 20 years old and has a job. Mrs. Josefa is very grateful for the support given to her by Afodenic through KIVA.
View original language description ↓
Doña Josefa es comerciante, el motivo de su préstamo fue para enriquecer su venta comprando perfumes, ropa nueva, bolsos, cazuelas de cocinas, el crédito vino a hacer la diferencia en su negocio porque ahora tiene más productos y ayuda a mejorar su vida, los desafíos que ha enfrentado son la salud de su hijo menor y el de su hermana quienes se vieron afectados pero ahora están bien gracias a Dios, sus planes a futuro es viajar fuera del país para comprar joyas de plata y venderlas aquí y así obtener mejores ganancias. Adicional a su negocio principal vende carne de res, tiene tres hijos el mayor de 20 años ya trabaja, agradece mucho por el apoyo brindado de Afodenic por medio de KIVA.

Previous Loan Details

Josefa continues selling clothes, shoes and women’s purses; she has several years in sales. She sells on credit and for cash. Her husband continues working in communications operations. Two of her children are in school and she has a four-month-old baby. Her sales take place at home and many ... More from Josefa Nuvia'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
  • 46
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Josefa Nuvia buy items like perfumes, new clothing, purses, and cooking pans.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 26, 2012
Nov 1, 2012
Currency Exchange Loss:
Oct 17, 2013