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Norma Maria

Update on Norma Maria

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 to retire from the job, however, to care for her children.

This is her eighth loan and she plans to use it to buy women's and men's shoes, clothing, perfumes, etc. to fill customer orders. This will allow her to expand her business so she can build a house little by little. The one she lives in now is made of corrugated metal making it is very vulnerable in rainy situations and too hot during the day.
View original language description ↓
La señora Norma, tiene la edad de 36 años, su compañero de vida conductor de bus, ahora departamental el ayuda en gastos de la casa, continua siempre con la venta de ropa, cosméticos, calzado prendas de plata, tiene 2 hijos menores de 14 años de edad, ella los saco adelante con trabajos en una zona franca como operaria de maquina pero se tuvo que retirar porque estaba descuidando a sus hijos. Este es su octavo crédito que solicita para aumentar su inventario comprando zapatos de damas y caballeros, ropa, perfumes entre otros para poder cubrir encargos de sus clientes, y así lograr crecer su negocio para poder construir su casa poco a poco, ya que la tiene elaborada de zinc y es muy vulnerable ante las lluvias y demasiado caliente en el día.

Previous Loan Details

Norma has her own business, which she started six years ago with a few sales of clothes and jewelry. Over the years, she has been gaining customers who bring her a lot of orders. Her two children are working on their elementary education; her husband supports the family. This business has h... 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
  • 59
    View loans »
    Nicaragua Loans Fundraising
  • $26,421,450
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Norma Maria to buy women's and men's shoes, clothing, perfumes and other items.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Sep 29, 2012
Nov 1, 2012
Currency Exchange Loss:
Jul 18, 2013