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Miriam Del Socorro

Update on Miriam Del Socorro

Miriam is 50 years old and makes a living as a seamstress. She has provided this service to her customers for over 14 years; thanks to the experience and support of her husband, who is a tailor, together they have been able to build a strong customer base.

She will use this new loan to invest in the infrastructure of a new roof and floor for a bedroom. They will need to buy the following construction materials: sheet metal, gravel, cement, metal beams, cinder blocks, glue, welding supplies, screws, sand and bricks, amongst other things. As a result of this investment, water will not be able to come in their room, which is important because it is just beginning to be rainy season in the country.

She expressed that she is thankful to kiva and the micro-financiers for the support to the development of their business that has been provided in previous loans, and in this case the improvement of the infrastructure of her home.
View original language description ↓
La señora Miriam de 50 años de edad, dedicada a la costura, con mas de catorce años dando sus servicios a sus clientes que gracias a la experiencia y al apoyo de su señor esposo quien es sastre y que juntos han logrado la captacion de sus clientes. Lo que se propone con este nuevo financiamiento es invertirlo en la infraestructura de un cuarto entechado del mismo e instalacion de piso. Necesitando comprar los siguientes materiales de construccion: laminas de zinc, piedrin, cemento, perlin, bloques, pegamento, soldadura, golosos , arena, ladrillos entre otros. Obteniendo con esta inversion que no se le pase el agua en su habitacion ahora que estamos a las puertas de los tiempos de lluvia en nuestro pais. Expresando que esta agradecida con kiva y la micro-finaciera por el apoyo al desarrallo de su negocio en financiamientos anteriores y en esta ocasión al mejoramiento de la infraestructura de su vivienda.

Previous Loan Details

Miriam is a hard-working woman. She operates a business selling clothing that she makes herself. Making clothes is a skill that she learned many years ago and she's become better and better at it over the years. Miriam is the mother of two children. Her husband is a tailor and the couple work… More from Miriam 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
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $23,448,750
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Miriam Del Socorro to complete the construction of a room.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2012
Listed
Apr 17, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2013