Check out some available loans that are similar to this one!
Martha Del Socorro

Update on Martha Del Socorro

Doña Martha continues to sell her delicious tortillas, the sales of which have increased. With the profits she has managed to set up a small grocery store where she sells a variety of products as she now also has the financial support of her eldest son who works as a bricklayer and brings home money every month.

The new loan will be used to buy products for the grocery store such as dry grains, rice, beans, sugar, corn, firewood, dairy products, confectionary and personal care products which are the most sought after and used by her customers.

It is greatly satisfying for her to be able to have another fixed source of income and improve on a personal level, resolving in a more stable manner commitments made. Among her plans she always plans on keeping her tortilla selling stall.
View original language description ↓
Doña Martha sigue con sus ricas venta de tortillas, el cual ha aumentado sus ventas y con sus ganancias ha logrado poner una pequeña pulperia en donde vende una variedad de productos, pues ahora tambien cuenta con la ayuda economica de su hijo mayor quien labora como albañil y aporta cada mes.
Pues con este nuevo financiamiento, sera para comprar productos para la pulperia en granos basicos de arroz, frijoles, azucar, maiz, leña, productos lacteos, golosinas y productos de aseo personal. Los cuales son mas vendidos y consumidos por sus clietes.
Para ella es de gran sastifaccion poder tener otra entrada economica fija, y el poder ir mejorando en lo personal, solventando los compromisos con mas estabilidad. Entre sus planes siempre espera mantener su puesto de venta de tortillas.

Previous Loan Details

Mrs Martha del Socorro O. B. is 38 years old and lives in the Laureles Norte neighborhood. She is a single mother with two teenagers who are attending high school. Martha has been selling tortillas for 7 years and her business has helped keep her whole family fed. Before this, she worked in a ... More from Martha 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
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $23,659,150
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Martha Del Socorro to buy products for her small grocery store as well as continue to sell tortillas.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2011
Listed
Oct 11, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012