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Nicolasa Candelaria

Update on Nicolasa Candelaria

Nicolasa is a 53-year-old married woman. Her husband works as a bricklayer, and with his modest income he helps with the household expenses. All of their children are now independent and married.

For the past 11 years, Nicolasa has had a business selling new clothing and other items in one of the markets in Managua. She uses her loans for working capital to invest in new clothing, and she will use this twelfth loan for the same purpose, buying a variety of clothing for men, women and children. This will include shirts, pants, blouses and other items so that she can increase her income and help her husband to cover all the household expenses and continue to make progress.
View original language description ↓
La señora Nicolasa tiene la edad de 53 años, es casada su esposo ahora trabaja en albañilería y con esa pequeña entrada ayuda en los gastos del hogar todos sus hijos son casados e independientes, ella tiene un negocio de venta de ropa nueva y variedades en uno de los mercados de Managua desde hace 11 años, sus créditos los utiliza para el capital de su negocio invirtiendo en ropa nueva y este doceavo crédito lo utilizara para el mismo fin de comprar variedad de ropa para hombres mujeres y niños como lo son camisas, pantalones, blusas, entre otros artículos para así complementar los ingresos con el de su esposo para poder cubrir con los diferentes gastos del hogar y seguir adelante.

Previous Loan Details

Nicolasa is yearning for constant success. She says that the loans that she was granted by the microfinance industry and Kiva have enabled her to achieve most of her goals. In this new opportunity she explains the purpose of her loan: she will invest it in summer clothing, shorts, shirts, bathing... More from Nicolasa Candelaria'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
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Nicolasa Candelaria to buy shirts and pants for men, women and children.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Nov 17, 2012
Dec 1, 2012
Currency Exchange Loss:
May 17, 2013