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Angela Del Socorro

Update on Angela Del Socorro

Angela works as a concierge for a private company, where she has been for several years. The loans she has received have been used to renovate her house; and she is now requesting another one to create separate spaces inside the home, such as room for more privacy and to keep things better organized around the house. The construction materials she needs to buy are bricks, cement, wire, sand, gravel and iron. With these items she can begin construction. This will benefit her family as they will be living in a much more comfortable environment.
View original language description ↓
Doña Angela trabaja como conserje en una empresa privada hace muchos años, sus créditos los ha utilizado para el mejoramiento de su vivienda, actualmente solicita otro préstamo para realizar divisiones en el interior de su casa, en este caso cuartos para poder tener privacidad y mantener en orden sus cosas e ir ordenando un poco mas su casa, por lo que necesita comprar materiales de construcción como bloques, cemento, alambre de amarre, arena, piedrines y hierro; Con todas estas herramientas podrá levantar la obra de construcción, todo esto para el beneficio de su familia y sentirse en un ambiente más agradable a como debe de ser.

Previous Loan Details

Angela, very much a worker in a tough job, has been helping her family for 11 years. She washes and irons clothes afternoons until 4:00 when she finishes, plus weekends. What she achieves is to provide improvements in food for her family. She can count on help from her husband, who works in secur... More from Angela 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
  • 100
    View loans »
    Nicaragua Loans Fundraising
  • $24,397,050
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Angela Del Socorro to buy bricks, cement, wire, sand, gravel and iron.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013