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Update on Gioconda

Gioconda lives in Concepcion de Maria barrio, a zone where the residents have scarce resources. She is a working mother who with much work and effort has offered the basics to her children, including food. Now they are adults and they aid her.

Gioconda sells a variety of things, including tortillas, clothing, and cosmetics, among other things, to meet the expenses that are always there. The loan she requests is to be invested in foot ware, cosmetics and clothing that she will attempt to sell, because this is the only way she has of earning a living, with the aid of her husband.
View original language description ↓
Doña Gioconda habitante del barrio Concepción de María, una zona donde los pobladores son de escasos recursos, ella es una madre trabajadora que con mucho trabajo y esfuerzo le ha brindado lo básico a sus hijos como la alimentación, ahora son mayores de edad y le ayudan. Ella se dedica a la venta variada como: tortillas, ropa, cosméticos entre otros para cumplir con los diferentes gastos que nunca faltan, el crédito que solicita es para invertir en calzados, cosméticos y ropa para buscar como vender ya que esta es su unica manera de ganarse la vida, con la ayuda de su esposo.

Previous Loan Details

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... 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
  • 44
    View loans »
    Nicaragua Loans Fundraising
  • $26,249,100
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Gioconda to buy foot ware, cosmetics, and clothing to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Apr 30, 2013
May 17, 2013
Currency Exchange Loss:
Jan 18, 2014