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Patricia Veronica

Update on Patricia Veronica

Patricia, 49 years old, is a single mother with three children, who are now married. She was able to move them forward by herself with her previous job as a member of the Nicaraguan army. When she left this job, she worked in business by selling clothes. She has been growing this business through loans. She is now requesting her fifth loan in order to strengthen her business by purchasing undergarments, clothing, perfumes from catalogues, and second-hand clothing such as pants. This will satisfy her customer requests.
View original language description ↓
Patricia de 49 años ha sido madre soltera de tres hijos, ahora ya están casados, pudo sacarlos adelante ella sola con su trabajo anterior perteneciente al ejército de Nicaragua, cuando salió de baja se dedico al negocio, venta de ropa con el cual ha ido creciendo haciendo prestamos. Ahora ella solicita su 5to crédito para fortalecer su negocio comprando ropa interior, ropa de vestir, perfumes de catálogos, ropa de segunda como pantalones, para cubrir la solicitud de los clientes.

Previous Loan Details

Patricia is a single mother and her children are grown up. She works as a merchant and her plan is to start up a convenience store. For some time she has had her own business selling cosmetics, which she started with her own funds. Her home's infrastructure needs improving, and she plans to use t... More from Patricia Veronica'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 Nicaragua

  • $4,800
    Average annual income
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,575,325
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Patricia Veronica to buy undergarments, clothing, perfumes, and second-hand pants.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 11, 2012
Nov 1, 2012
Currency Exchange Loss:
Nov 17, 2013