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Aracelly Del Socorro

Update on Aracelly Del Socorro

Aracelly, a resident of Ticuantepe in the Madardo Andino neighbourhood, together with her husband have been raising their son. Her ultimate dream is to finish her house. Her husband, who works for a private company, supports her by helping with the household expenses but it’s difficult for them to collect enough money at one time to build their house.

This new loan will help them buy a portion of the materials that they need to continue with the construction: 500 cinderblocks, 300 kilograms of iron, a truckload of sand, and cement. Aracelly is very grateful to Afodenic who, through Kiva funds, provide assistance and place their trust in people of scarce resources like herself.
View original language description ↓
Doña Aracelly Habitante del municipio de Ticuantepe en el Barrio Madardo Andino, junto a su esposo han hido sacado adelante a su hijo ya que su mayor sueño es terminar su casa, con el apoyo de su esposa quien labora para una empresa privada le ayuda con los gastos del hogar pero a ellos se le dificulta mucho ya que no pueden recoger de una sola vez el dinero para poder construir, con este nuevo financiamiento comprar parte de los materiales que necesita para continuar con la construccion. 500 Bloques, 3 quintales de Hierro, Viaje de Arena, Cemento. Aracelly muy agradecidad con Afodenic quien por medio de Fondo Kiva brindan ayuda y confianza en personas como ella de escasos recursos.

Previous Loan Details

Aracelly B. B. is a married young woman, 27 years old, who lives in the Medardo Andino neighborhood. Her husband works for a private business as the IT Manager. He supports the household with his income. They have a small 2-year-old who has not yet gone to preschool. Aracelly does domestic work. ... More from Aracelly 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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $23,810,675
    Funds lent in using Kiva
  • 23.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Aracelly Del Socorro to buy construction materials: cinderblocks, iron, and sand.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2012
Listed
Sep 4, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013