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Rafaela Isabel
Rafaela is a woman with much desire to get ahead. At 51 years of age, she continues to work. Half the time she works as a cook in a cafeteria and in the afternoons she sells clothing and cosmetic products, a business she started ten years ago with her own money. Rafaela lives in the Memorial Sandino neighborhood in the capital of Managua with her two children who are 19 and 15 years old. Both are students. Her desire is to be able to establish her own business in her home, as opposed to on foot. This is her fourth loan with Afodenic, which has been beneficial to her development and the source of growth of her inventory. With this loan, she is going to purchase cosmetics and perfumes to offer variety to her customers. In the future, she wants to be able to improve the infrastructure of her home so that that her children are comfortable.
View original language description ↓
Doña Rafaela es una mujer con mucho deseo de superación a sus 51 años de edad sigue trabajando, medio tiempo trabaja de cocinera, en un comedor y por las tardes vende ropa, y productos de cosmético que desde hace diez años inicio este negocio que lo comenzó con dinero propio. La señora Rafaela reside en un barrio de la capital de Managua Memorial sandino, con dos hijos 19 y 15 años de edad, ambos están estudiando. Sus anhelo es poder poner su propio negocio en su casa y no andar ambulante, este es su cuarto ciclo en Afodenic lo cual ha sido de beneficios para su desarrollo y seguimiento en el crecimiento de su inventario. Con este crédito va a comprar cosméticos y perfumes para ofrecer a sus clientes la variedad. A futuro es poder mejorar la infraestructura de su casa para que sus hijos estén cómodos.

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 Nicaragua

  • $4,800
    Average annual income
  • 30
    View loans »
    Nicaragua Loans Fundraising
  • $26,396,925
    Funds lent in using Kiva
  • 20.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Rafaela Isabel purchase cosmetics and perfumes.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Mar 10, 2009
Mar 15, 2009
Currency Exchange Loss:
Jun 15, 2010