Xiomara Del Socorro
Update on Xiomara Del SocorroXiomara continues working as a packer in order to provide for her family's well-being. She now has a partner who works as a builder and her goal is to improve her home so that she can provide her family with better living conditions.
What Xiomara would like is to build a room. She will use the existing wall she has as one of the walls for this room, which will save money and provide more space. She will buy stone, sand, cement and iron so that she can build walls and achieve better comfort for her family to live in. She is achieving this in the short term thanks to her loans.
Lo que desea es la construccion de un cuarto, tomara como pared, su muro para gastar menos y que le quede mas espacio, comprara:piedra, arena, cemento, hierro para levantar paredes y lograr mejor comodidad habitacional con su familia. el cual esta logrando a corto plazo gracias a los financiamientos.
Previous Loan DetailsXiomara is 38 years old. She is a single mother and has three children who are all studying. Her future plans for her family is for them to study and become professionals. It is difficult to get children ahead in life on your own but not impossible. For this reason, Xiomara works in a private… More from Xiomara 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.
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.
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Success!! The loan was 100% repaid