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Verónica Magalis
Verónica works as a teacher in a school, and she also teaches private physics classes. Her previous loans with AFODENIC and KIVA were to build and make improvements on her house. Her husband works as a cashier at a hotel in the capital. She is eight months and seven days pregnant, and her plan for the future is to start a business selling clothes or an appliances store. The greatest difficulty she has had is searching for another place of employment with a good living wage. This has not been possible, but she says that she thanks God for her health and the love of her family. The loan requested will be used to purchase construction materials to build a bigger room for the baby that is soon to arrive. She already has the sand, but she needs the cinder blocks, cement, rebar, tie wire, and lumber which will be purchased through the loan.
View original language description ↓
Doña Verónica labora como docente en una escuela, también da clases de física de manera privada, sus préstamos anteriores con AFODENIC y KIVA fueron para construir y hacer mejoras en su hogar, su esposo trabaja como cajero en un hotel de la capital, esta embaraza y tiene 8 meses 7 días, sus planes a futuro es poner un negocio de ropa o tienda de electrodomésticos, la dificultad más grande que ella ha tenido es que ha estado buscando otro empleo con un salario digno pero no ha sido posible, pero dice que gracias a dios cuenta con salud y el amor de su familia. El crédito solicitado es para comprar materiales para construir un cuarto más amplio para la llegada de su primer bebe, ya cuenta con la arena pero necesita bloques, cemento, hierro, alambre de amarre y tablones los que compraría con el préstamo.

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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,406,150
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Verónica Magalis purchase construction materials: cinder blocks, cement, rebar, tie wire, and lumber.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Aug 22, 2012
Oct 1, 2012
Currency Exchange Loss:
Jan 18, 2014