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Herminda Del Carmen

Update on Herminda Del Carmen

Herminda continues to run her grocery store business, supported by her partner and children who help her with everything and together they get ahead. She has used her loans from AFODENIC and Kiva to invest in her business, which has allowed her to improve her finances for which she is very grateful. On this occasion, she wants to once again invest in products such as bulk grains, canned goods, dairy products, soft drinks, and new products in order to offer variety to her customers.
View original language description ↓
Doña Herminda continúa con su negocio de pulpería apoyada por su pareja e hijos quienes la apoyan en todo y juntos salen adelante, sus créditos con Afodenic y Kiva lo ha utilizado invirtiéndole a su negocio, lo que le ha permitido mejorar su economía por lo que está muy agradecida, en esta ocasión desea invertir nuevamente en productos como granos básicos, enlatados, lácteos, gaseosas y productos nuevos para ofrecerle variedad a su clientela.

Previous Loan Details

Herminda is still running her grocery store; she’s introduced additional products that has led to increased sales and improved profits that she’s been using to do home improvements. Her husband works as a driver, always supporting the family. Of her three children, two work one as a taxi driv... More from Herminda Del Carmen'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
  • 54
    View loans »
    Nicaragua Loans Fundraising
  • $26,297,675
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Herminda Del Carmen to buy bulk grains, canned goods, dairy products, soft drinks, and new products.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Mar 22, 2013
Apr 3, 2013
Currency Exchange Loss:
Jul 17, 2014