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Lorena Esperanza

Update on Lorena Esperanza

Lorena Esperanza is applying for the loan to change the roof of her home. She wants to put on galvanized roofing. Lorena is married. Her husband works in construction. They have three children, two of whom are independent. Lorena works in an office, and she also rents rooms in her home. Her dream is to be able to construct a two-story home, for which, along with her husband, she works hard every day.
View original language description ↓
Lorena Esperanza solicita el crédito para cambiar el techo de su vivienda, desea ponerlo de Zinc. Lorena es casada, su esposo trabaja en construcción. Tiene 3 hijos, dos de los cuales son independientes a ella. Lorena trabaja en una oficina, y también renta habitaciones en su vivienda. Su sueño es poder construir su casa de dos pisos, para lo cual junto a su esposo trabaja arduamente día a día.

Previous Loan Details

Doña Lorena has been working in the collection department of an office for 3 years. She has two children, one of them studying at university and the other attending secondary school, so she works to cover all her household expenses. She also has her own business of apartment rentals and plans to ... More from Lorena Esperanza'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
  • 39
    View loans »
    Nicaragua Loans Fundraising
  • $26,402,175
    Funds lent in using Kiva
  • 25.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Lorena Esperanza to buy galvanized roofing sheets and purlins to change the roof of her home.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Dec 17, 2013
Dec 31, 2013
Currency Exchange Loss:
Dec 17, 2014