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Veronica Del Carmen

Update on Veronica Del Carmen

Verónica is a woman who works as a domestic employee. She seeks to get ahead with her husband who is a self-employed mechanic. Both of them unite forces to help their daughter get ahead with her university studies. Verónica needs to build a perimeter wall on the north part of her home, since the neighborhood where they live is not very safe. There is delinquent activity at all hours. With the loan she is requesting, Verónica will buy blocks, iron, and sand to start the work.
View original language description ↓
Verónica, es una señora que labora como empleada domestica, que busca como progresar junto a su esposo, quien trabaja por cuenta propia como mecánico, ambos unen sus esfuerzos para sacar adelante a su hija con sus estudios universitarios. Doña Verónica tiene la urgencia de hacer el muro perimetral de la parte norte de su vivienda, ya que el barrio donde habita no es muy seguro, existe presencia delincuencial a todas horas, con el apoyo de crédito que solicita comprara bloques, hierro, cemento, arena para empezar la obra.

Previous Loan Details

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 tr... More from Veronica Del Carmen'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
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,053,975
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Veronica Del Carmen to buy blocks, iron, cement, and sand to start the work on a perimeter wall.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 13, 2013
Nov 27, 2013
Currency Exchange Loss:
Oct 17, 2014