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Corina Del Socorro

Update on Corina Del Socorro

Corina lives in the city of Sandrino and has had a small restaurant located in her house for about two years. With the loans she has obtained from AFODENIC and Kiva, she has been able to make improvements to her house which is very important and significant to her. With this loan she will build a bedroom for herself and her partner, and will need to buy construction materials such as cement, blocks, sand, iron, and everything else necessary to finish the project.
View original language description ↓
La señora Corina habitante de Ciudad Sandino tiene un negocio de comidería ubicado en su casa aproximadamente dos años, con los créditos que ha obtenido con AFODENIC y KIVA ha logrado hacerle mejoras a la casa lo cual es muy importante y significativo para ella por lo que ahora con este otro préstamo realizará un cuarto de habitación para ella y su pareja por lo tanto necesita comprar materiales de construcción como: cemento, bloques, arena, hierro y todo lo necesario para llevarse a cabo la obra.

Previous Loan Details

Señora Corina works in a business selling food. She has been making sales for many years, as it has been a means to help her family and her husband, who is is currently retired. She counts on the help of her children who are working, and now with the loan that Afodenic has given her, she has ... More from Corina 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

  • $4,800
    Average annual income
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $24,535,925
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Corina Del Socorro to buy construction materials, sand, blocks, cement, iron.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013