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Francis Verónica

Update on Francis Verónica

Francis lives in Ticuantepe. Her husband has been a taxi driver for several years and her children are still small and attend school. They want to have a well-built home of their own and a better quality of life. Her challenge is not being able to round up all the money to do the necessary remodeling to her home all at once. She will use the money from this loan through Afodenic and Kiva to buy the necessary supplies to make continue working toward her dreams.
View original language description ↓
La señora Francis habita en el municipio de Ticuantepe, su esposo es Taxista desde hace varios años, sus hijos estan pequeños todavia asisten al colegio, ellos sueñas con tener su casa bien acondicionada y mejorar de vida, su dificultad es que no pueden recaudar de una sola vez el dinero para ir realizando las remodelaciones necesarias, con este nuevo credito que Afodenic y Fondos Kiva le han otrogado podra comprar los materiales necesarios para continuar con sus sueños.

Previous Loan Details

Francis Verónica S. R. is married, and her husband works as a taxi driver. They have two minor children; they go to school. They live in the populous Reparto Juan Ramón Padilla. She does the domestic chores, and her husband supports them economically. They live in a very humble house. Wit... More from Francis Verónica'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
  • 111
    View loans »
    Nicaragua Loans Fundraising
  • $24,832,275
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Francis Verónica to buy building materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 18, 2013
Feb 1, 2013
Currency Exchange Loss:
Feb 17, 2014