Martha Del Socorro
Update on Martha Del SocorroDoña 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.
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 DetailsMrs 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 »
About AFODENICThis 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.
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Success!! The loan was 100% repaid