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Mrs. Veronica Magalis M. Q. lives in the town of 22 de enero, a neighborhood located in the capital city of Manauga, Nicaragua. She is 24-years old and is married; her husband works as a cashier. Veronica is a primary school teacher and has been at this profession for the past 5 years. Together, she and her husband work with much dedication to improve their standard of living. Today, they ask for AFODENIC’s assistance for a loan to improve their home. The loan will get them started on improving their residence. Veronica is now seeking to improve her home with a loan in the amount of C$12,000.00, to repay in 12-months. This will go towards purchasing construction materials and the formation of a new roof.
View original language description ↓
La señora Verónica Magalis M. Q. habita en el barrio 22 de enero, barrio que se ubica en la capital Managua, tiene 24 años de edad, se encuentra casada, donde su esposo se desempeña como cajero, la señora verónica es docente de primaria, tiene 5 años de dedicarse a esta actividad, ella junto con su esposo han venido trabajando con mucha dedicación para mejorara su vivienda, donde han contado con la ayuda que AFODENIC les da al proporcionarles créditos para mejorar su casa, solicito un crédito para dar inicio a las mejoras a su casa de habitación, actualmente la señora Verónica esta solicitando para continuar realizando mejoras a su vivienda el monto de C$ 12,000.00 aun plazo de 12 meses para comprar materiales de construcción y componer el techo.

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.

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

  • $4,800
    Average annual income
  • 53
    View loans »
    Nicaragua Loans Fundraising
  • $26,297,675
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Veronica to buy zinc for home improvement.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Nov 7, 2008
Nov 20, 2008
Currency Exchange Loss:
Sep 15, 2009