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Rosa Maria

Update on Rosa Maria

Rosa's husband works as a lathe operator in a plastics company and he benefits her because he buys the products that she sells from his company at a more favorable rate. Presently, their two children are working. Rosa's business invariably consists of selling plastic products for the home and clothing by customer request. For this loan, she wants to invest in school supplies, clothing, new shoes, and inflatable pools in order to take advantage of the school season, and in passing, the approaching summer; she will also use this loan in help herself with sales in order to generate more income and to support her family.
View original language description ↓
El esposo de doña Rosa trabaja de tornero en una empresa de plásticos y le favorece a ella por que los productos que ella vende los compra en esa misma empresa un poco más favorable, ya sus dos hijos trabajan, el negocio de doña Rosa es siempre vender productos de plásticos para el hogar y ropa por encargo de sus clientes, en esta solicitud de crédito desea invertir en artículos escolares ropa y calzado nuevo, piscina inflables, esto para aprovechar la temporada escolar y de paso la de verano que se aproxima y ayudarse con las ventas para genera más ingresos y apoyar a su familia.

Previous Loan Details

Rosa continues with her business selling clothing, shoes, and plastic products, which she started several years ago to support her family. Her husband is a lathe operator and she helps with the household expenses. Nowadays, she has only one daughter she is providing an education for, so she i... More from Rosa 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 Nicaragua

  • $4,800
    Average annual income
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $25,768,625
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Rosa Maria to buy clothing, school shoes, and inflatable pools.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Jan 15, 2013
Jan 16, 2013
Currency Exchange Loss:
Sep 18, 2013