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Veronica Del Carmen

Update on Veronica Del Carmen

Veronica is a client from the Memorial Sandino neighborhood. Her husband is a taxi driver and she has a 22-year-old daughter who goes to university. She has another son who is independent.

Veronica works tirelessly to give her daughter the best, and for this reason she works for a tourist transportation company, where she has been for three years.

She is requesting this loan to invest in the structure of her house, specifically to build a wall and change her roof. For this she needs to buy zinc sheeting, purlines, blocks, cement and sand. Her goal is to leave a good house to her two children.
View original language description ↓
Doña Verónica clienta del barrio memorial Sandino, su esposo es taxista, tiene una hija de 22 años quien va a la universidad y su otro hijo es independiente, doña verónica trabaja incansablemente para darle todo lo mejor a su hija, por eso labora para una empresa de transporte turístico hace tres años, solicita el crédito para invertirlo en infraestructura en especial para levantar el muro y cambiar el techo de su casa, por lo que necesita comprar laminas de zinc, perlines, bloques, cemento, arena para dejarle una buena casa a sus dos hijos.

Previous Loan Details

Veronica is a responsible and hard working woman. Her job lies in lending her services as a domestic, a job of much effort and sacrifice. She has the support of her husband who works as a mechanic because he feels happy since together they have forged goals and have achieved them. Her discomfort ... More from Veronica Del Carmen's previous loan »

Additional Information

About AFODENIC

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
  • $24,552,350
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Veronica Del Carmen to buy zinc sheeting, purlines, blocks, cement and sand.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2013
Listed
Jan 16, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013