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Concepcion Del Socorro

Update on Concepcion Del Socorro

Doña Concepción has a business that involves selling used clothes. This has allowed her to help her children get ahead. Her children are now adults who help her financially and with the physical labor. In addition, Concepción has always had the support of her husband who works abroad as a security guard.


With this new loan, Concepción will buy more bales of secondhand clothing and shoes. Her plans are to continue working, but with her own funds. She is grateful for the support that AFODENIC and Kiva have provided. This will be her fourth loan and it will help her grow in her trade, which enabled her to pay for the education, food, and clothing costs that helped her children get ahead.

View original language description ↓
Doña concepción su negocio es de veta de ropa usada con el que pudo salir adelante con sus hijos quienes ahora son mayores de edad, trabajan y le ayudan económica y físicamente así como también siempre ha tenido el apoyo de su esposo quien trabaja fuera del país como vigilante, con este nuevo crédito comprara más pacas de ropa de segunda y zapatos, sus planes a futuro es seguir trabajando pero con fondos propios, agradece el apoyo que le han brindado Afodenic y kiva siendo este el prestamo numero cuatro, de esa manera le ha ayudado para crecer en su oficio con lo que ha sacado adelante a sus hijos cubriendo sus estudios alimentación y vestimenta.

Previous Loan Details

Concepcion, an enterprising single woman who studied the technical career of dressmaking, has been forging ahead over the years. She has her own business, a dressmaking shop where she sells clothes and accessories. Among her plans are improvement of the infrastructure of her home. Concepcion has ... More from Concepcion 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
  • $24,094,725
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Concepcion Del Socorro to buy bales of secondhand clothing and shoes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014