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Norma Del Socorro
Norma is a single mother; she has a minor son who is in school. Her dream is that her children improve themselves. A home improvement is a project that hand in hand with the financial institution will become a reality.

She used to sell pork but because it was heavy labor she decided to sell men’s, women’s and children’s clothing, among other products. She started the business with profits from the previous business.

She will use the loan to buy building materials and supplies like: cement, sand, paving stones, gravel and iron rods to build the front of her house thus having security and protection for her family.
View original language description ↓
Norma madre soltera, tiene a su hijo menor estudiando, su anhelo que se superen los hijos. Mejorar su casa es un proyecto que de mano con la financiera se hará realidad, anteriormente vendía carne de porcino por ser un trabajo pesado cambio a vender ropa de caballero, damas, niños entre otros productos. Lo inicio con la ganancia obtenida del negocio anterior.
Con el préstamo comprara materiales de construcción como: cemento, arena, piedra cantera, piedrín, hierro para construir el frente de la casa, así tendrá seguridad y protección para su familia.

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

  • $3,636
    Average annual income
  • 133
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 22.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Norma Del Socorro to buy building materials and supplies.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 9, 2011
Listed
Mar 1, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012