Check out some available loans that are similar to this one!
Elsa Maria

Update on Elsa Maria

Elsa is a resident of the neighborhood Memorial Sandino. She and her husband are looking to get ahead: he as a taxi driver and she with her small grocery store. Both of them share expenses. Her children are adults and are independent.

She is requesting a loan to be used in her business, which supports all the main household expenses. She will buy staple grains, snacks, canned food, sausages, eggs, cereal, and other items that are in demand from her customers, who are the residents in her neighborhood.
View original language description ↓
Doña Elsa, es habitante del barrio Memorial Sandino, junto a su esposo busca como salir adelante, él como taxista y ella con su pequeña pulpería, ambos comparten gastos, sus hijos ya son mayores de edad e independientes. Ella solicita el crédito para invertir en el negocio lo que le mantiene todos sus gastos principales del hogar. Comprara granos básicos, golosinas, enlatados, embutidos, huevos, cereales entre otros de la demanda de sus clientes, los vecinos del barrio.

Previous Loan Details

Elsa is a businesswoman, and she has a store in her house. Upon receiving the loan from Afodenic she has been working in her store with more capital. She has support from her children and her husband. He sells scrap metal. Elsa’s objective is to invest more in personal hygiene products and ... More from Elsa Maria'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
  • 44
    View loans »
    Nicaragua Loans Fundraising
  • $26,295,350
    Funds lent in using Kiva
  • 25.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Elsa Maria to buy staple grains, snacks, canned food, sausages, eggs, cereal, among others.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 28, 2013
Jul 11, 2013
Currency Exchange Loss:
Nov 18, 2014