Gabriela Del Socorro
Update on Gabriela Del SocorroGabriela is employed. The previous loan was very influential because in the family environment it was used to install tile at home starting off a home improvement project. With this new lending cycle she will continue with the improvements. She will buy building materials and supplies like cement, purlines, screws, metal sheeting, steel nails, tie wire, solder, sand and concrete blocks, among others to build a separating wall in the living room and to replace the roof over part of the living room that’s in very bad condition. At the same time, she will prune the branches of the trees that are damaging the dwelling. She is grateful to the financial institution for supporting the improvement of her standard of living.
Previous Loan DetailsGabriela is a young woman, 26 years old, single, and living with her parents. She works in a private company. When she completed her studies she looked for work to generate an income to help support her parents. She has started work, earning minimum wage, but it is enough to help pay for their gr... More from Gabriela 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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