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Merlyn Del Socorro
Merlyn has a home-based business, a store that she established thanks to her parents and a loan from AFODENIC. This business has enabled her to get ahead financially so that she can support her three children.


This investment has allowed her to work the past five years with great dedication. She opens her store in the early morning hours so that she can obtain better sales. Merlyn has participated in three loan cycles and each one has helped her develop her business. In her store, she has also sold cosmetics, pharmaceutical products, and school supplies.


She will currently use this loan to buy basic grains, dairy products, sodas, candy, personal hygiene products, household cleaning products, fruits, and vegetables since these items are in demand.

View original language description ↓
Merlyn tiene su propio negocio, en su casa de habitación, una pulpería que gracias a sus padres y financiamiento con Afodenic, ha logrado salir adelante en su economía para el apoyo de sus tres hijos.
Son cinco años trabajando en la inversión muy dedicada desde horas temprana abre para lograr mejores ventas. Lleva tres ciclos trabajando con préstamos que le ah ayudado al desarrollo de su negocio. En donde también ha puesto venta de cosméticos, productos farmacéuticos y productos escolares.
Hoy con este financiamiento comprara: granos básicos, productos lácteos, gaseosas, golosinas, productos de aseo personal, productos de aseo del hogar, así como frutas y verduras, ya que son productos de demanda.


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
  • 134
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Merlyn Del Socorro to purchase various products for her store.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2011
Listed
May 10, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 18, 2012