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Fatima Del Socorro

Update on Fatima Del Socorro

Fatima, 46, is single and has two adult children who work and help her with expenses. She has worked in a school for 26 years as a primary school teacher. She is requesting her seventh loan to finish the rooms of her house as she wants to put in the floor and to plaster them. With a previous loan she was only able to construct the walls and now she wants to complete the rooms and, if there is enough money, to build a bathroom for her house.
View original language description ↓
Fatima de 46 años es soltera, tiene 2 hijos mayores los cuales trabajan y le ayudan con los gastos. Trabaja en una la Escuela desde hace 26 años como maestra de primaria. Esta solicitando su 7mo Credito para terminar los cuartos de su casa pues desea ponerles el piso y repellarlos, pues con el credito anterior solo logro levantar las paredes y ahora desea terminarlos, y si el dinero lo permite hacer el inodoro de su casa.

Previous Loan Details

Fatima is a primary school teacher who has worked for the Nicaraguan Ministry of Education at Enrique Tierno Galvan school for 25 years. She has been an evangelical Christian for several years and lives with her family. She has two children, Hector Francisco, 19 years old and in his third year of… More from Fatima 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 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.

About Nicaragua

  • $3,636
    Average annual income
  • 162
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Fatima Del Socorro to finish constructing her house.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 18, 2013
This photo was used before for a previous loan for Fatima Del Socorro. It was first posted on Kiva on Dec, 2009. Learn More