Marbellí Del Socorro
Update on Marbellí Del SocorroMaribel, a hardworking woman, dedicates herself to her children's future. Nowadays, she sells cosmetics exclusively for women a business she started through loans her company offers their consultants. She assures she is a woman with goals since she has made her goals of improving her home a reality. Afodenic and her husband are the main resources to help her make her dream of constructing her home a reality. This will be her third loan cycle and it will be used to build the roof of her porch to give it a better look and protection for her children. Her future plan is to continue improving her dwelling and increase her profits with a more free-flowing business since her main source of income is that of moral and economic support she receives from her husband who works in a lathe workshop.
Previous Loan DetailsMarbellí del Socorro S., 34, is married; her husband is a mechanic and, together with their three minor children, they live in the Waspan Norte neighborhood. She has sold cosmetics for the past 8 years thanks to help from her husband who started her out in this business. She hopes in the futu... More from Marbellí 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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