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Rosa Argentina

Update on Rosa Argentina

Rosa is a married woman who has worked very hard, with support of her husband, so that her children could become professionals. Now they are grown and very independent, thanks to her sacrifices to take the best care of them. She also had the strength to continue with her beautiful job in social work serving underprivileged children. Now she is requesting a loan in order to install a ceramic floor for her house. To do this, she needs to buy cement, ceramic tiles, and to pay the wages of the workers who will install it. Rosa is working little by little to improve her house so that her family will be more comfortable, which she says is made possible thanks to the support of Kiva and Afodenic.
View original language description ↓
La señora Rosa casada mujer que se ha esforzado mucho con el apoyo de su marido para que hoy en día sus hijos sean profesionales mayores de edad que no dependen de ella, esto gracias a tantos sacrificios como desvelo, pero así tuvo fuerzas para también continuar como responsable de tan bonita labor social lo cual es apoyar a los niños desamparados, actualmente solicita el crédito para poner el piso de su casa de cerámica por lo que necesitara comprar cemento, cerámica y pagar la mano de obra así ella va paso a paso tratando de mejorar su vivienda para sentirse más cómoda junto con su familia y todo esto es posible gracias al apoyo de Kiva y Afodenic.

Previous Loan Details

Rosa still works as a social promoter in the community where she lives because this job gives her personal satisfaction and she’s able to help many children living in poverty. Through these loans she’s managed to do some home improvements. Her family supports each other; her husband continues... More from Rosa Argentina'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
  • 54
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Rosa Argentina to buy ceramic tiles, cement, and to pay labor.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jan 18, 2013
Feb 1, 2013
Currency Exchange Loss:
Jul 17, 2014