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Giovannia Maria

Update on Giovannia Maria

Mrs. Giovannia is a hard-working woman. She has been in business for 4 years and lives in the town of Ticuantepe. Her husband works for a private business as an assistant accountant. Between the two they have been able to help their daughter get ahead. Giovannia works above all to see her dream accomplished which is to finish their house. With the loan from Afodenic she has been able to build the house but is still lacks some modifications . With this new loan she will buy the following: doors and windows.
View original language description ↓
La señora Giovannia mujer trabajadora, comerciante desde hace 4 años, habitante del municio de Ticuantepe, su esposo trabaja para una empresa privada como Auxiliar Contable, entre los dos han sacado adelante a su Hija y sobre todo esta trabajando para poder ver su sueño cumplido que es terminar su casa, con los creditos que Afodenic le ha brindado la ha contruido pero todavia le falta algunas modificaciones, con este nuevo prestamo comprara lo siguiente: Puertas y Ventanas.

Previous Loan Details

Giovannia is a merchant selling cosmetics, costume jewelry and perishable items. She also teaches crafts-making courses that provide extra income for her. She’s married and the mother of a daughter. Her husband’s a mailman. With Afodenic loans she’s been able to provide housing for her daught... More from Giovannia Maria'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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,547,700
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Giovannia Maria to purchase construction materials.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 26, 2012
Jan 3, 2013
Currency Exchange Loss:
Dec 17, 2013