Check out some available loans that are similar to this one!

Update on Olimpia

Olimpia runs a small grocery store for survival. It has supported her while she raised her two grown children, and now, it supports her mother.

The loan will be used for products for her business. The profits are invested in improving the infrastructure of her home. She is very happy with the progress that has been made with the help of Kiva and Afodenic.

With this 14th loan, she will buy basic grains, cleaning products, dairy, meats, and other products to maintain her business.
View original language description ↓
El medio de sobrevivencia de doña Olimpia sigue siendo su pequeña pulpería que le ha ayudado a sacar adelante a todos sus hijos quienes ya son mayores de edad y ahora ellos le apoyan a su mama, los créditos los utiliza en productos para su negocio y también con las ganancias invierte en mejora de infraestructura de su casa, ella está muy contenta con los avances que ha obtenido por medio de Kiva y Afodenic y con este 14vo préstamo comprara granos básicos, enlatados productos de limpieza, lácteos, carnes entre otros para mantener siempre su negocio.

Previous Loan Details

Doña Olimpia is still investing in her business where she has worked for many years while being a single mother of three children. Currently, only one is studying and the other two are working and have financial support. Her business has remained stable and has offered a variety of products in or... More from Olimpia'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
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Olimpia to buy basic grains, cleaning products, dairy, meat, and other products.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Dec 17, 2012
Jan 1, 2013
Currency Exchange Loss:
Oct 17, 2013