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Update on Gioconda

Gioconda continues selling clothing, undergarments, and footwear. She also makes tortillas by hand, helping to further her profits. Her husband sells cosmetic products, and her older children all work and support their economic expenses, since everything is at high cost.
In all these years, she has managed to support her family, earning her own income, attracting customers, and having the advantage that her tortilla customers buy her products with cash and credit. Thanks to this funding, she is in a more stable position, and is able to pay her payment obligations, water, and electricity in affordable installments.
She will buy: various clothing for both genders and footwear and some customer orders to continue increasing her sales.
View original language description ↓
Gioconda sigue comercializando venta de ropa, ropa interior, calzado, también palmea tortillas, ayudándose más en sus ingresos, su esposo vende productos en cosméticos, sus hijos mayores todos trabajan y apoyan en sus gastos económicos, ya que todo está ah altos costos.
En todos estos años, ha logrado apoyar a su familia, obteniendo sus propios ingresos, captado clientes, teniendo la ventaja de que sus clientes de tortillas le compren, al contado y al crédito. Gracias a estos financiamientos está en mejores condiciones de estabilidad, al poder pagar sus compromisos de pago, agua, luz, al ser a plazos accesible.
Comprara: ropa variada para ambo sexo y calzado y algunos encargos de sus clientes. para seguir aumentando sus ventas.

Previous Loan Details

Gioconda owns her own business selling tortillas and clothes. She managed to set her business up four years ago with the support of her husband. Then, in order to invest some more, she took a loan from Afodenic. Her sales increased as she was able to produce more tortillas to sell. Gioconda... More from Gioconda'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
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $25,729,225
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Gioconda to buy various clothing and footwear to continue growing in sales.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Jul 13, 2012
Aug 5, 2012
Currency Exchange Loss:
Mar 15, 2013