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Mercedes Del Socorro
Mercedes has a small food business where she sells a variety of dishes such as grilled meat, enchiladas, sliced ripe and green plantains, drinks, and soft drinks, among other things.

She’s had this business for three years and it’s been growing thanks to the five loan cycles that Afodenic has provided. This has allowed her to invest into her business as well as into her home.

She will use the money from this loan to buy building materials in order to add a bathroom and improve the sanitary conditions in her home. She is happy to able to provide a better roof over her family’s head.
View original language description ↓
Mercedes tiene un pequeño negocio de fritanga en donde vende una variedad de platillos como: carne asada, enchilada, tajadas maduras, tajadas verdes, refrescos, gaseosas entre otros.
Negocio con tres años en las ventas, y que ha ido incrementando gracias a los ocho ciclos de préstamo que Afodenic ha dado mediante el financiamiento. En donde ha invertido en su negocio como en la infraestructura de su casa.
Con este nuevo préstamo invertirá en materiales de construcción para hacer un baño y estar en mejores condiciones de higiene.
Contenta por lograr el objetivo de poder dar a su familia un mejor techo.


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

  • $4,800
    Average annual income
  • 104
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 22.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Mercedes Del Socorro to buy building materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2011
Listed
May 3, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012