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Gloria Mercedes

Update on Gloria Mercedes

Gloria is a modest and hard working woman who lives in the municipality of Ticuantepe with her husband and young daughter. She sells fruits and vegetables and he works in a private company. They support each other together to cover the household expenses. She hopes to finish her home but also has difficulties that keep her from being able to raise all the money at once. With this new loan she will buy materials including cement blocks, cements, iron, etc to continue building. She is very grateful for the support that Afodenic brings her through the support of Kiva funds.
View original language description ↓
La señora Gloria, humilde trabajadora habita en el municipio de Ticuantepe junto a su esposo y su pequeña hija, ella es comerciante de frutas y verdura, el trabaja para una empresa privada y entre los dos se ayudan con los gastos del hogar, ella sueña con ver terminada su casa pero siempre tienen diferentes dificultades que les impiden recaudar de una sola vez el dinero, con este nuevo credito comprar Materiales como: Bloques, Cemento. Hierro, etc para continuar con la construccion, Agradece enormemente el apoyo que Afodenic atravez de Fondos Kiva le han brindado

Previous Loan Details

Gloria lives in the municipality of Ticuantepe, along with her husband. She got married eight months ago, because she was pregnant. She has had many difficulties with the baby, because it was born with allergies and she had to quit her job. Now she buys and sells fruits and vegetables so that she... More from Gloria Mercedes'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
  • 56
    View loans »
    Nicaragua Loans Fundraising
  • $26,430,500
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Gloria Mercedes to buy building materials.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Apr 22, 2013
Jun 3, 2013
Currency Exchange Loss:
May 17, 2014