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Gloria Maria

Update on Gloria Maria

Gloria is 53 years old and her husband is retired. Both sacrificed to get their five children ahead by helping them financially. Only their 15 year old daughter still needs support and Gloria and her husband’s greatest desire is for her daughter to finish school. They have been able to cover most of the tuition expenses through their clothing and cosmetic sales businesses. She is asking for a loan to install a tile floor and finish building a room. She needs to buy cement, tiles, porcelain, plastic separators, cinder blocks, iron bars, wire, sand, and pay for labor. All this is to improve the home’s infrastructure. She is very grateful to Afodenic and Kiva for helping her move forward.
View original language description ↓
Doña Gloria de 53 años, su esposo ahora es jubilado, ambos después de sacar adelante a sus 5 hijos quienes son mayores de edad ahora ellos le retribuyen todos esos sacrificios ayunándolos económicamente, solamente una de 15 años está a cargo de doña Gloria y su esposo, su mayor deseo es que termine sus estudios, con su negocio de venta de ropa y cosméticos ella ha logrado cubrir la mayor parte de sus gastos, solicita el crédito para instalar cerámica en su casa y terminar de construir un cuarto para esto necesita comprar cemento, baldosa, porcelana, separador plástico, cerámica, bloques, hierro, alambre, arena y pagar la mano de obra, todo esto con el objetivo de ir mejorando la infraestructura de su vivienda con apoyo de Afodenic y Kiva con los que está muy agradecida por sus avances.

Previous Loan Details

Gloria is a humble, enterprising seamstress. She has her own business selling clothing, and she also takes orders. Previously she made improvements to her home. Her plan is to continue building and to extend her business. In this loan cycle she will invest in buying merchandise because during ... More from Gloria Maria'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
  • 38
    View loans »
    Nicaragua Loans Fundraising
  • $26,391,875
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Gloria Maria to install a floor in her home.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 6, 2012
Dec 11, 2012
Currency Exchange Loss:
Jan 18, 2014