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Maria Elena
Maria Elena D. Álvarez is 36 years old and lives in the Madrigales Nortes of the municipality of Ticuantepe with her partner José Luís González. He is a contractor and has an income of C$ 3,800.00 córdobas. They care for their 2 children who are in primary school. She is a salesperson and distributes products for the ZERMAT beauty company. She has been working with this business for two years and her dream is to have better living conditions which is why she wants to buy 12 sheets of zinc, 7 wooden doors, 11 wooden boards, 10 pounds of 3" nails, 5 pounds of zinc and a gallon of paint. Because they do not have enough resources they decided to take a loan of C$ 5,000.00 córdobas, paying the amount borrowed in 9 months.
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La señora Maria Elena D. Álvarez tiene la edad de 36 años de edad habita en los Madrigales Nortes del municipio de Ticuantepe con su compañero de vida José Luís González, este señor es contratista y tiene un ingreso de C$ 3,800.00 córdobas tienen a cargo a 2 hijos que estudian primaria. Esta señora es comerciante distribuye productos de la compañía de belleza llamada ZERMAT, tiene dos años de trabajar con esta empresa y su sueño es tener mas condiciones de vida, por lo cual quieren comprar 12 laminas de zinc, 7 cuartones de pino, 11 reglas de pino, 10 libra de clavo de 3 “, 5 libra de clavo de zinc y un galón de pintura. Para lo cual no tienen los suficientes recursos y optaron por hacer un préstamo de C$ 5,000.00 córdobas pagando la cantidad prestada en 9 meses

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.

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
  • 81
    View loans »
    Nicaragua Loans Fundraising
  • $25,792,450
    Funds lent in using Kiva
  • 19.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Maria Elena to purchase construction materials to make improvements to her housing.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Oct 31, 2008
Oct 17, 2008
Currency Exchange Loss:
Aug 15, 2009