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María Elena

Update on María Elena

María is a hardworking lady who was able to make her children independent in whatever way possible with her husband’s help; he always supports her in everything. She continues selling silver items and with her sales is able to cover her main household expenses; this is her only source of income. Because she lacks items to offer, she’s once again asking for a loan, her 11th, to continue investing in the small business she’s kept running to date thanks to loans from Kiva and Afodenic.
View original language description ↓
Doña María, una señora trabajadora que a como pudo logro independizar a todos sus hijos junto a su esposo quien siempre le apoya en todo, ella continua dedicándose a la venta de prendas de plata que con las ventas se ayuda para pagar los gastos principales del hogar siendo su único medio de ingreso. En vista de carecer de productos que ofrecer, solicita nuevamente un 11vo crédito para seguir invirtiendo en su pequeño negocio que la ha mantenido hasta el momento, gracias a los financiamientos de Kiva y Afodenic.

Previous Loan Details

María is enterprising, hard-working, and humble. She has a vision of improving her quality of life and providing her family with better living conditions. She works selling jewelry, clothing, anad other various merchandise, which is the source of her income. Her plans are to improve her sales ... More from María Elena'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
  • $26,258,500
    Funds lent in using Kiva
  • 24.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped María Elena to buy silver items.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
May 29, 2013
Jul 1, 2013
Currency Exchange Loss:
May 17, 2014