Estela Del Socorro
Update on Estela Del SocorroDoña Estela has had her little business of selling tortillas for a number of years. Her little grocery store, where she works along with her husband to provide the necessities for their four children, who are students, has continued to succeed; by increasing her products, she has obtained better sales results.
With her previous loan, she bought basic materials for making tortillas, such as corn and firewood; she makes tortillas three times a day. This new loan will be for the purchase of chicken, beef, pork, milk products, and candies, among other products which are in great demand.
Con el credito anterior, compro materia prima en maiz, leña, lo que palmea los tres tiempo en el dia. Con este nuevo pretamo sera para la compra de pollo, carne de res y cerdo, productos lacteos, golosinas, entre otros productos, que son de mayor demanda.
Previous Loan DetailsEstela is a hard-working woman with her own business. She's 39, the mother of four children, and lives with her husband, who works as a security guard. She started out five years ago with small bank loans and money from her husband, and managed to grow her food business, which includes tort... More from Estela 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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Success!! The loan was 100% repaid