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Esperanza Del Socorro

Update on Esperanza Del Socorro

Esperanza continues in commerce with her grocery store and renting rooms since this is how she helps support her family; her husband works as a bricklayer. Only two of her five children are still in her care, the other three are independent.

She used her previous loan to do improvements to one of the rooms which was of great benefit because she can provide better service to her tenants. Through the loans she’s been advancing faster with her projects. Despite costs of everything being higher she has managed to balance out and continue forward with the grocery store.

With this new loan she will buy a freezer to be able to buy more beverages and dairy products which will lead to increased sales and customer satisfaction.
View original language description ↓
Doña Esperanza continua en el comercio, con su pulperia y alquiler de cuartos pues es el medio de apoyar a su familia, su esposo trabajando de albañil, y de sus cinco hijos, solo dos estan a su cargo, siendo los otros tres independiente.
Con su credito anterior logro la mejora a un cuarto, lo que es de gran beneficio al poder dar un mejor servicio a sus inquilinos. Y que es atraves de los prestamo que ha venido avanzando mas rapido con sus proyectos. Que a pesar que todo esta ah altos costos, se ha equilibrado para salir adelante en la pulperia.
Hoy con este nuevo financiamiento comprara un freezer, para comprar mas productos de bebida y productos lacteos, lo que vendera mas y podra mantener al cliente sastifecho.

Previous Loan Details

Esperanza is a woman who works hard for her family's well-being. She has five children and, together with her husband, makes every effort to cover expenses. Her business is the rental of two rooms and a telephone. She has been able to keep up maintenance with loans she's received through… More from Esperanza 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
  • 171
    View loans »
    Nicaragua Loans Fundraising
  • $23,210,200
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Esperanza Del Socorro to buy a freezer.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2011
Listed
Nov 7, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012