Fátima Del Socorro
Update on Fátima Del SocorroFatima continues to work in the free trade zone where she has a job as an operator. She has worked in this place for several years. As her son continues to grow, Fatima is the only one providing for his education. Today she has a companion who works as a lathe operator. He provides both moral and financial support.
Fatima has a separate room, which was the only improvement that was undertaken with the loan given to her by AFODENIC. With this new loan, she will put up concrete room dividers since the current ones are made of wood. Although they are well-decorated, the dividers are very old and make her house uncomfortable. For this reason, she will buy construction materials such as blocks, iron, and cement, so that she can make this improvement to her home.
Ella tiene su cuarto aparte, y que ha venido mejorando sola, con los prestamo que Afodenic ha dado. Lo que quiere hacer, con este nuevo financiamiento, es levantar las divisiones de concreto, ya que es de madera, aunque lo tiene bien adornado, pero ya esta muy viejo y se le hace incomodo ya. Es por tal razon comprara materiales de construccion en bloque, hierro, cemento, y hacer la mejora en su vivienda.
Previous Loan DetailsFátima is a thirty-year-old single mother. Her little one is studying in primary school. She works selling cosmetics and is employed in a tax free zone. With her savings she was able to begin her small business which today represents an important part of her income. She lives in a humble house… More from Fátima 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.
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.
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Success!! The loan was 100% repaid