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Victoria Elizabeth

Update on Victoria Elizabeth

Victoria, being a single mother of three children who are all still in school, has put all her effort into working in order to get her children ahead.

Before she worked as a teacher but at present she sells cosmetics and new clothing which generates more income for her. She has had this business for various years and has built it up little by little by investing loans.

On this occasion, she needs a loan to buy zinc sheets and supports in order to replace the roof of her house and improve the infrastructure as it is a little deteriorated. Her main goal is that her children finish their studies and have a better standard of living.
View original language description ↓
Victoria siendo madre soltera de tres hijos quienes estudian, sola se ha esforzado trabajando para sacarlos adelante, antes laboraba como docente pero en la actualidad solamente vende cosméticos y ropa nueva negocio que le genera más ingresos el cual tiene varios años de haberlo iniciado donde poco a poco le ha venido invirtiendo con los prestamos, en esta ocasión necesita el crédito para comprar laminas de zinc y pelines para cambiar el techo de su casa y mejorar la infraestructura ya que esta se ve un poco deteriorada, su mayor objetivo es que sus hijos terminen sus estudios y tengan un mejor desarrollo económico.

Previous Loan Details

Doña Victoria, a part-time teacher, continues to sell cosmetics. Her turnover increased after she added more merchandise to her inventory thanks to the loan granted by the microfinance institution Afodenic. Victoria feels great satisfaction at achieving her sales target, since she must cover all ... More from Victoria Elizabeth'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

  • $3,636
    Average annual income
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,054,525
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Victoria Elizabeth to buy zinc and supports for her roof.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 29, 2012
Jan 10, 2013
Currency Exchange Loss:
Sep 18, 2013