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Sonia Del Socorro
Sonia is a small business owner. She works out of her house together with her husband. They own a small grocery store which they opened six years ago. They have been able to grow their business thanks to various cycles of AFODENIC funding which they used to increase their inventory. They also sell tortillas. There is a high demand for tortillas and this has allowed them to increase their number of customers. As a mother, Sonia is happy because she is able to work and take care of her children at the same time.

She plans to use this new loan to buy rice, beans, sugar, corn, and personal products like soap, lotion, cosmetics, shampoo and cleaning products. These products sell quickly because we need them for hygienic reasons. Sonia's goal is to increase her income as she has to pay the water bill and the electricity bill as well as pay for medicine and continue meeting her loan payments on time.
View original language description ↓
Sonia es una pequeña comerciante, que junto a su esposo trabajan en su casa de habitación, el negocio es una pulpería que inicio hace seis años y que ha venido creciendo al incrementar su inventario con financiamiento que Afodenic ha dado en varios ciclos, también vende tortilla pues la demanda es mucha, logrando así la captación de sus clientes.
Pues como madre está contenta ya que puede trabajar y cuidar de sus hijos al mismo tiempo.
Con este nuevo préstamo será para la inversión de compra de quintales de arroz, frijoles, azúcar, maíz, productos de uso personal, como jabón de baño, cremas, cosméticos, shampoo, productos de limpieza. Productos que se venden mucho por ser necesario en nuestra higiene. Su objetivo es tener mejores resultados de ingresos ya que los tiene que pagar sus compromisos de pago de agua, luz, medicina, y seguir teniendo un buen comportamiento de pago en la institución.

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
  • 161
    View loans »
    Nicaragua Loans Fundraising
  • $23,191,225
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Sonia Del Socorro to purchase food and personal hygiene products in order to increase sales at her small grocery store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 8, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012