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Fatima Del Socorro

Update on Fatima Del Socorro

Fátima, 37 years old, continues to advance herself with her business selling cosmetics, jewelry and other items. She does not have children yet, so all of her income has been invested in her business and home repairs so that when children arrive in the future they will not want for anything. Fátima does not lack energy to continue working and growing, so she is requesting her eleventh loan from AFODENIC and Kiva. This time she will purchase new products from catalogs, a variety of clothing, shoes, school supplies, accessories, and materials to continue making her jewelry pieces. With this rhythm, she will continue working to be able to accomplish her dreams.
View original language description ↓
La joven Fátima de 37 años, continúa siempre avanzando con su negocio de cosméticos, bisuterías y otros variados, no tiene hijos aun por lo que todos sus ingresos los ha invertido en su oficio y mejoras de su hogar para cuando lleguen sus hijos no les falten nada en un futuro. A Fátima no le faltan ánimos para seguir trabajando y crecer por lo que realiza su onceavo crédito quien agradece el apoyo de AFODENIC y KIVA, esta vez comprara nuevamente productos por catálogos, variedad de ropa, calzado, artículos escolares, accesorios y materiales para seguir haciendo sus prendas de bisuterías, con este ritmo seguirá trabajando para poder cumplir con sus sueños.

Previous Loan Details

Fátima is an entrepreneurial woman who owns her own business. She rents out a room, sells cosmetics and is currently carrying out a new business activity, making costume jewelry. She makes bracelets, necklaces, hair ties, badges and other items. Her products sell well because they are pretty a... More from Fatima 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 Nicaragua

  • $3,636
    Average annual income
  • 145
    View loans »
    Nicaragua Loans Fundraising
  • $24,089,275
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $1,100 helped Fatima Del Socorro to purchase products from catalogs, clothing, shoes, school supplies, accessories, and materials to make jewelry.
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Expired:
Nov 30, 2012