Sugey Del Socorro
Update on Sugey Del SocorroSugey is still working in the tax-free zone as a document processor, a job she has done for several years. She is responsible for putting on stamps and numbering the pieces, and she makes an effort to finish more than a thousand pieces because she is paid per packet. Her husband also works as an industrial mechanic, also in the tax-free zone. Their children study and are about to finish the school year.
Sugey is happy because she has been able to make improvements to her house. With the loans the institution has given her for three loan cycles, she was able to make the children's bedroom larger for better privacy and comfort for everyone.
Now, with this new loan she can continue building a wall that she has started behind the house. She will continue building the concrete wall until she finishes this one to make her property safer, as well as her children who are alone after they come home from school. This will make her calmer as a mother, and she will have greater satisfaction from being able to complete the work with these loans that have given her the chance to have decent housing.
Contenta por que ha logrado las mejora a su casa, con los prestamos que la institucion ha dado en tres ciclos de los cuales, ya pudo hacer mas grande los cuarto de los niños para una mejor privacidad y comidad de todos.
Hoy con este nuevo prestamo podra continuar un muro que tiene comenzado en la parte de atrás, el cual seguira levantando paredes de concreto, hasta terminarlo, y asi asegurar mas su propiedad, y a sus hijos que pasan solos despues que vienen del colegio, el cual dara mas tranquilidad como madre, y mayor sastifaccion el poder lograr la obra atraves de estos financiamiento que vienen ha dar oportunidad para una vivienda digna.
Previous Loan DetailsMrs Sugey del Socorro A. M. is 33 years old. She lives in Laureles Norte neighborhood which is known by the National Police as one of the most dangerous neighborhoods in the capital due to the crime that threatens its residents. Sugey lives in a modest home which has deteriorated over time and… More from Sugey 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