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Lorena Esperanza
Doña Lorena has been working in the collection department of an office for 3 years. She has two children, one of them studying at university and the other attending secondary school, so she works to cover all her household expenses. She also has her own business of apartment rentals and plans to use this new loan to make improvements in the apartments and provide a better service to her clients. She needs to buy blocks, cement, iron and sand to make the concrete walls (now made of wood), and ceramic, ceiling materials and zinc layers to change the ceilings. All of this is possible thanks to the support of her husband, who is self-employed and works in construction. This support allows her to repay her loans, for which she's very grateful to the financial institution and Kiva.
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Doña Lorena trabaja en cobranza para una oficina en donde tiene 3 años laborando, sus 2 hijos estudian uno ya va a la universidad y el otro cursa la secundaria, así Lorena se desempeña para poder cubrir con todos los gastos del hogar, su negocio es la renta de apartamentos y con este nuevo crédito piensa hacer mejoras en ellos para brindar un mejor servicio a sus clientes por lo que necesita comprar bloques, cemento, hierro, arena, para hacer las paredes de concreto ya que son de madera, cerámica, materiales para cielo raso, laminas de zinc para cambiar el techo, todo esto le es posible gracias al apoyo que recibe de su esposo quien trabaja por cuenta propia en obras de construcción, con ese apoyo ella logra pagar sus financiamientos por los que está muy agradecida con la financiera y Kiva.

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.

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
  • 72
    View loans »
    Nicaragua Loans Fundraising
  • $25,756,600
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Lorena Esperanza to buy blocks, cement, iron, sand, ceramic, ceiling materials and zinc layers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Feb 1, 2013
Currency Exchange Loss:
Feb 17, 2014