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Mercedes Del Socorro
Mercedes is 30-years-old; her husband works in a market in Managua providing hauling services. She has two children, her oldest is 13-years-old, who attend school. Mercedes used to sell traditional fast-food at home to cover household expenses but her health was affected by the hard work in front of the hot fire so she found another business alternative; she’s now been gradually moving into selling varied clothes.

In order to continue improving her home environment, she’s requesting a loan to erect a wall around her house and needs to buy materials like cement, sand, rebar, concrete blocks, paving stones and to pay labor costs to do so. With this construction she will make her house a little safer. Once she completes this small infrastructure project she will opt for a new loan to continue improving because progress is possible only by means of credit.
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La joven mercedes tiene la edad de 30 años, su esposo trabaja en un mercado de Managua prestando servicios de acarreo, tiene dos hijos siendo el mayor de 13 años quienes asisten a la escuela, mercedes vendía fritanga comida típica en su casa para cubrir los gastos del hogar, pero se vio mal de salud a causa del trabajo pesado de liderar con el calor del fuego, encontró otra alternativa de negocio la venta de ropa variada que poco a poco la ha ido empleando. Para seguir mejorando su entorno de vida solicita crédito para levantar el muro perimetral de su casa por lo que necesitara comprar materiales como cemento, arena, hierro, bloques, piedra cantera y el pago de la mano de obra, con esta construcción asegurara un poco más su vivienda, una vez terminado este pequeño proyecto de infraestructura optara por otro préstamo para seguir mejorando ya que solo con crédito se puede progresar.

Additional Information


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.

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
  • 91
    View loans »
    Nicaragua Loans Fundraising
  • $24,771,875
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,025 helped Mercedes Del Socorro to buy cement, sand, rebar, concrete blocks, paving stones and to pay labor costs.
Repayment Term
19 months (Additional Information)
Repayment Schedule
Sep 26, 2012
Nov 1, 2012
Currency Exchange Loss:
Nov 30, 2012