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Melania Del Socorro
Melania is a small businesswoman and the mother of two daughters. She started a sewing business in order to help her husband who works as a mason. With the savings from her sewing business and financial support from her husband, Melania was able to invest in new clothing and cosmetics. She approached AFODENIC to obtain financing for making improvements and now she is on her eleventh loan. The loans have enabled her to improve her earnings, attract more customers, as well as make improvements to her home.


Today she wants to add two rooms to her small house in hopes of providing her children with a more comfortable space. She has already bought iron beams and blocks, but she needs to buy more materials to begin the construction.

View original language description ↓
Melania es una pequeña comerciante, madre de dos hijas, iniciando con la costura para apoyar a su familia, siendo su esposo albañil.
Con ahorros de la costura y apoyo económico de su esposo logra invertir en ropa nueva y cosmético lo que viene a mejorar con los financiamientos que comienza hacer en Afodenic, siendo su once avo crédito. En donde le ha permitido tener mejores utilidades, captación de clientes, así como las mejoras a su vivienda.
Hoy desea hacer dos cuartos ya que su casa es pequeña, lo que espera dar a sus hijos mejor comodidad de espacio. Teniendo material comprado como hierro para las vigas, bloques y que comprara más para comenzar a construir.

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 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

  • $3,636
    Average annual income
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $24,386,550
    Funds lent in using Kiva
  • 22.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Melania Del Socorro purchase construction materials needed to build two rooms for her children.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2011
Listed
Mar 1, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011