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Martha Del Socorro

Update on Martha Del Socorro

Martha is continuing with her tortilla sales, as she has kept her clientele. Making them by hand three times a day, she is a hard working woman. She is a single mother of two daughters, for whom she provides education. Martha has come in cycle making improvements to her house, thanks to the loans she has obtained from Afodenic.

With this new loan she will continue building a porch, enclosing the front part to then build the rest of the walls with concrete. She has already started and will buy blocks, cement, sand, corrugated roofing, roof beams and bolts/screws to begin the work. In this she is content with the advances and safety of her new house.
View original language description ↓
Doña Martha sigue con su venta de tortillas, pues ha mantenido su clientela, palmeando los tres tiempos, siendo una mujer trabajadora, madre soltera de dos hijas dando estudio, Martha ah venido mejorando su casa en ciclos, gracia a los préstamos obtenidos en Afodenic.
Con este nuevo préstamo es para continuar la construcción de un porche, cerrando la parte de enfrente para luego construir el resto de paredes de concretos, ya tiene un comienzo, comprara: bloques, cemento, arena y láminas de zinc, perlines, golosos para comenzar la obra, en donde está contenta por el avance y seguridad de su nueva vivienda.

Previous Loan Details

Mrs Martha del Socorro O. B. is 38 years old and lives in the Laureles Norte neighborhood. She is a single mother with two teenagers who are attending high school. Martha has been selling tortillas for 7 years and her business has helped keep her whole family fed. Before this, she worked in a… More from Martha 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
  • 59
    View loans »
    Nicaragua Loans Fundraising
  • $23,422,650
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $650 helped Martha Del Socorro to buy construction materials to continue her porch.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2012
Listed
Jul 11, 2012
Currency Exchange Loss:
Possible
Expired:
Aug 10, 2012