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Luz Lourdes

Update on Luz Lourdes

Luz and her husband work from sunrise to sunset every day. He is a welder. She runs her small grocery, offering a variety of items like clothing, cosmetics, jewelry, and perishables to earn extra income to pay the ever-increasing expenses to support their three children. As with previous loans, she will use the funds from her 13th loan cycle to invest in her business and buy staples, cosmetics, and milk products so that she can provide for her family.
View original language description ↓
La señora Luz y su esposo trabajan de sol a sol todos los días, el como soldador y ella con su negocio de pulpería vendiendo diferentes productos como ropa nueva, cosméticos, joyas y productos perecederos para ayudarse a obtener mas ingresos y cumplir con las necesidades de sus 3 hijos quienes cada día son mas grandes y los gastos son mayores. Con este treceavo credito quiere comprar granos básicos, cosméticos, productos lácteos, siempre a como ha venido invirtiendo en sus créditos anteriores para con el negocio, así ha salido adelante con la familia.

Previous Loan Details

Luz de Lourdes has a grocery store and cosmetics sales that she’s been running to support her family. She started out with her own money and today with Afodenic loans that have helped her increase the investment. Luz plans in the future to do some home improvements, one of which is to insta... More from Luz Lourdes'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
  • 50
    View loans »
    Nicaragua Loans Fundraising
  • $26,418,100
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Luz Lourdes to buy staples, cosmetics, and milk products.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Feb 23, 2013
Mar 2, 2013
Currency Exchange Loss:
Nov 17, 2013