Mariluz Del Socorro
Update on Mariluz Del SocorroMariluz continues selling clothes and shoes; she’s been in business several years and has managed to secure a regular clientele. She works independently to be able to care for her mother who has many health problems.
She will use this new investment to buy a wider variety of clothes for both men and women as well as shoes and some items she has pending orders for so that she can continue to offer her products obtaining good profits and to have her sales grow because she has to cover all her expenses and help her mother with the cost of medicine. Thanks to this financing initiative her business is more possible.
Ella con esta nueva inversion, va a comprar mas variedad de ropa, de hombre y mujeres asi como zapatos y encargo que tiene pendiente para seguir ofertando sus productos y poder obtener sus ganancias, crecer en ventas, ya que tiene que cubrir todos sus gastos. Y apoyar a su mama con los gastos de medicina y que gracias a esta iniciativa del financiamiento le es mas posible su comercio.
Previous Loan DetailsMs. Mariluz del Socorro is a single mother of 38 and has 2 adolescent children who study in primary school. She sells clothes and shoes. A few months ago her mother got sick and she had to cover some hospital costs. She neglected her store and for this reason she entered into an economic crisis. ... More from Mariluz 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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