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Update on Carmen

Carmen is the mother of three children, all of whom are in her care. One of them was born with a different capacity, and she therefore needs to give him special care; he is twenty-one years old. She and her husband work to cover the home expenses. Carmen continues with her small grocery store, which is located in her house. She also makes tortillas in order to balance the home expenses.

Presently, she needs to invest in more products for her business because she currently doesn't have a lot of inventory. She cannot ignore this because the store provides daily sustenance for her family. For this reason, she is requesting a loan that she will use to buy basic food items, carbonated beverages, milk products, canned items, and products for cleaning, home, and personal use. All of the mentioned items are based on the demand of her customers, who are her neighbors.
View original language description ↓
Carmen es madre de tres hijos de los cuales dos están a su cargo, uno de ellos nació con capacidad diferente al que le tiene que dar un cuido especial, el tiene 21 años, ella se apoya con su esposo en los gastos del hogar. Doña Carmen continua con su pequeña pulpería ubicada en su casa que a la vez hace tortillas para equilibra los gastos del hogar, en la actualidad necesita invertirle con más productos a su negocio ya que no tiene muchos en el inventario el cual no debe descuidarlo porque es el sustento diario de la familia. Es por eso que solicita el crédito para comprar granos básicos, gaseosas, lácteos, enlatados, productos del aseo del hogar y personal, todos los mencionados de la demanda de sus clientes, los vecinos del barrio.

Previous Loan Details

Carmen is a small business woman who runs her own business, a pulpería [small grocery store] where she sells a variety of products. She also makes tortillas by hand. Her business has been growing and she has been increasing her capital. She has the economic support of her husband, who works as ... More from 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
  • 59
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 25.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Carmen to buy basic food items, carbonated beverages, milk products, canned items, and products for cleaning, home, and personal use.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jun 29, 2013
Jul 13, 2013
Currency Exchange Loss:
Jan 17, 2015