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Angela Del Socorro
Angela, very much a worker in a tough job, has been helping her family for 11 years. She washes and irons clothes afternoons until 4:00 when she finishes, plus weekends. What she achieves is to provide improvements in food for her family. She can count on help from her husband, who works in security services.

Angela's objective is to improve her house, which they have been repairing, thanks to financing from Afodenic during 4 loan cycles. Now, this new loan will be used to plaster walls and finish closing the room they began with the last loan and failed to finish due to lack of construction materials.

Angela will buy materials such as cement blocks, sand, cement, and sponges, and then start the construction. She is content because each day, her house is in better condition.
View original language description ↓
Doña Angela, muy trabajadora, de oficio afanadora, durante once años apoyando a su familia, tambien lava y plancha por la tarde, ya que su salida es a las cuatro, asi como los fines de semana. Logrando con esto ayudarse para la mejora de los alimentos. Cuenta con el apoyo de su esposo, el cual labora en servicios de seguridad.
El objetivo de Angela es la mejora a su vivienda, el cual ha estado reparando gracias a los financiamiento que Afodenic, ah otorgado en cuatro ciclos. hoy con este nuevo prestamo sera para repellar paredes, y terminar de cerrar el cuarto que logro hacer con el credito anterior, ya que por falta de material no termino la obra.
Comprara materiales como: bloques, arena, cemento, esponjas, y comenzar la contruccion. El cual esta contenta por que cada dia, su vivienda esta en mejores condiciones.

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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,591,700
    Funds lent in using Kiva
  • 22.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Angela Del Socorro buy construction materials to plaster walls and finish a room in her house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2011
Listed
Aug 1, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 16, 2012