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Arely Del Socorro
Doña Arely is 42 years old and has been managing her own grocery store for 6 years. She wakes up in the early hours so that she can attend to her customers. Most of her sales are made in the mornings because many families come by every day to purchase the items they need for breakfast. Arely was able to start her business with the help of a loan and a small portion of her savings. She is a single mother of two school-aged children. She and her family live in Laureles Norte in the capital of Managua.


Arely has plans to make improvements to her home and support her children’s education. With this loan, she plans to buy basic grains, meat, sodas, candy, dairy products, and other items so that she can increase her sales and generate better earnings.

View original language description ↓
Doña Arely de 42 años de edad, tiene una pulpería que desde hace seis años administra y desde horas temprana se levanta para atender a sus clientes en la mañana que es cuando se vende mas ya que muchas familias compran a diario para hacer el desayuno a su familias. El cual inicio con préstamo y unos pocos ahorros, madre soltera de dos hijos que los tiene estudiando, vive en Laureles Norte en la capital de Managua. Sus planes es mejorar su vivienda y apoyar a sus hijos con los estudios. Con este préstamo comprara granos básicos, carnes, gaseosas, golosinas, lácteos y otros mas para subir las ventas y obtener mejores ganancias.

Additional Information

About AFODENIC

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 Nicaragua

  • $4,800
    Average annual income
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $24,558,975
    Funds lent in using Kiva
  • 20.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Arely Del Socorro purchase basic grains, meat, sodas, candy, dairy products, and other items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2009
Listed
Oct 23, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010