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Fanny Del Socorro

Update on Fanny Del Socorro

Fanny continues to work at her internet cafe. Since the demand increases every day, she has begun improving the store to give her customers better service. She always counts on the financial support of her husband. One of her daughters has finished her studies and is working, and the other is continuing her studies.

With her last loan, Fanny was able to change to a different internet system with more speed which delivers information more efficiently, so she can sell more hours to her customers.

With this new loan, she will purchase a copier to offer complete office services, and she will repair equipment with problems to give attention to her business, as with her past loan.
View original language description ↓
Doña Fanny continua trabajando en su cyber, pues la demanda es cada dia mejor, ha venido mejorando el local para dar un mejor servicio a sus clientes. Cuenta siempre con el apoyo economico de su esposo, de sus dos hija una ya culmino sus estudios y esta laborando, y la otra sigue estudiando.
Fanny con el credito anterior logro cambiar otro sistema de internet con mas velocidad, siendo la infornacion mas eficaz, vendiendo mas horas a sus clientes.
este nuevo financiamiento comprara una encolochadora para ofrecer el servicio completo de trabajo. y la reparacion de equipo que tiene malo, para dar una buena atencion en su negocio. Ya que con el credito anterior

Previous Loan Details

Fanny is an enterprising woman and the mother of two children. She owns her own internet cafe from where she offers a variety of internet services, public telephones, and prepaid cards. She has more than six years in the business and she has improved the technology with new systems with the help ... More from Fanny Del Socorro's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Nicaragua

  • $3,636
    Average annual income
  • 122
    View loans »
    Nicaragua Loans Fundraising
  • $24,036,450
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Fanny Del Socorro to purchase a copier to be able to offer complete services to her customers and repair equipment.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2011
Listed
Oct 9, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012