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Update on Marisol

Marisol has worked very hard to reach her goal of building her own home. With her previous loans she was able to make improvements to her home, but now that her children are growing up she would like to build an addition to improve her family’s living conditions and to have more space. Marisol says that part of the addition has already been built but that she needs to buy cinder blocks, cement, iron bars, purlins, and other materials to finish it.

Marisol is thankful to Kiva lenders and the field partner for their support.
View original language description ↓
Doña Marisol ha luchado mucho para poder culminar su meta que es construir su casa, en los creditos anteriores a relaizado mejorar en la vivienda, pero ya sus hijos van creciendo ella piensa realizar un aumento para tener mejores condiciones y mas espacion en su casa, ya parte del aranque del anexo esta relaizado pero necesita comprar Bloques, Cemento,Hierro, Perlines, etc para culminarlo. Agradece el apoyo que Afodenic en conjunto a Fondos Kiva le estan brindado.

Previous Loan Details

Marisol lives with her husband and children in the city of Ticuantepe. Their goals for the future are to have a better life and finish constructing their house. Her husband supports her with the household expenses and their children's school costs. With her previous loan she repaired the front... More from Marisol'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
  • 58
    View loans »
    Nicaragua Loans Fundraising
  • $25,729,225
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,400 helped Marisol to buy construction materials to finish an addition to her home.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Aug 29, 2013
Sep 17, 2013
Currency Exchange Loss:
Oct 17, 2013