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Norma Maria

Update on Norma Maria

Norma lives in the neighborhood of Villa Reconciliación, a marginal area of Managua, and her husband is a bus driver. She continues to sell her products in an effort to get ahead together with her family. The loan she is requesting is to buy a variety of cosmetics, women's and men's clothing, and shoes to sell so she will have enough income to cover household expenses and pay for school costs for her children.
View original language description ↓
Doña Norma, habitante del barrio Villa Reconciliación, una zona marginal de Managua su esposo es conductor de buses, ella continua vendiendo con todos los ánimos de salir adelante junto a su familia. El crédito que solicita es para invertir en su negocio con variedades de cosméticos, ropa, calzados para damas y caballeros, para vender y contar con esos ingresos para los gastos del hogar y de colegio de sus hijos.

Previous Loan Details

Norma, 36, and her husband who is a bus driver, share the cost of running the household. She continues to sell clothing, cosmetics, shoes and silver articles. She has two children under 14 years of age who she has supported through her work as a machine operator in the tax-free zone. She had t... More from Norma 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 Nicaragua

  • $4,800
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Norma Maria to buy cosmetics and women's and men's clothing and shoes.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jun 19, 2013
Jul 7, 2013
Currency Exchange Loss:
Apr 16, 2014