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Update on Gioconda

Gioconda is 42 years old, single, and has a daughter in elementary school. She has worked for nine years for a state institution as an inspector. She is requesting her eighth loan to finish purchasing materials for the construction of her house. With the previous loan she was able to purchase part of the materials and raise four walls. She is still missing doors, zinc sheeting, and beams to put up the roof. She would also like to put a porch in the back part of the house so that her daughter can play there. She is a hardworking woman who has improved her daughter's life alone. Thanks to the loans she has received, she has been able to slowly accomplish her dream of having her own home with the necessary conditions.
View original language description ↓
Doña Gioconda de 42 años de edad, es soltera tiene una hija que depende de ella y que estudia la primaria, trabaja desde hace 9 años para una institución del estado como inspectora. Solicita este octavo crédito para terminar de comprar materiales para invertirlos en la construcción de su casa, con el préstamo anterior logro comprar una parte y levanto 4 paredes, pero aun le faltan las puertas, el zinc y perlines para ponerle el techo y desea hacer un porche en la parte delantera de la casa para que su pequeña juegue. Ella es una mujer muy trabajadora que sola ha sacado adelante a su hija y gracias a los financiamientos ha podido ir cumpliendo poco a poco su sueño de tener su propia casa con las condiciones necesarias.

Previous Loan Details

Gioconda has been working as a tax inspector for the Chontales Tax Office for eight years. She is requesting her seventh loan with the aim of starting to build her house. She already has some of the materials she needs as she has been gradually buying them with her previous loans. Now she need... More from Gioconda'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
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,575,325
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,050 helped Gioconda to purchase beams, doors, zinc sheeting, materials for windows, cement, stone blocks, sand, and to pay for labor.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 19, 2012
Dec 1, 2012
Currency Exchange Loss:
Aug 17, 2014