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Arely Del Socorro

Update on Arely Del Socorro

Arely is an enterprising woman who works as a merchant, has had the blessing of her store for ten years already. Arely is happy about the trust placed in her by AFODENIC and Kiva, which have been her driving force for giving the best to her young son who is still in secondary school.

Even though she has the moral and financial support of her husband, her desire is to continue expanding her business, which is her main source of income. This is the reason for this new loan, which she will invest in buying the following products: basic necessities (rice, beans, oil, corn), cosmetics, pharmaceutical products, sweets, school supplies, clothing, and firewood, among others.

Her plan for the future is to convert her store into a big general store and continue making improvements on her home with the profits.
View original language description ↓
La señora Arely mujer emprendedora que se dedica al comercio, hace ya 10 años de contar con la bendicion de su pulperia. Arelys le complace la confianza que le han brindado Afodenic y kiva, mismos que han sido el motor para ella ofrecerle lo mejor a su pequeño hijo con necesidades especiales; aunque goza con el apoyo moral y economico de su señor esposo su anhelo es seguir agrandando su negocio, que es su principal fuente de ingreso; razon por la que este nuevo credito lo invertira en la compra de los siguientes productos: granos basicos (arroz, frijol, aceite, maiz) cosmeticos, productos farmaceuticos, golosinas, articulos escolares, ropa, leña entre otros. Su plan a futuro es convertir su pulperia en una gran miscelanea y producto a sus ganacias seguir haciendole mejoras a su vivienda.

Previous Loan Details

Arely is married and her husband is a merchant. One of her children is handicapped and her goal is to see him advance in school. Learning is very difficult to him especially for the frequent medical visits that he needs to get better. She has her own grocery store business which helps her cover h... More from Arely 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

  • $4,800
    Average annual income
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,832,275
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Arely Del Socorro to buy basic necessities and other items for her store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2012
Listed
Mar 26, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 18, 2013