Celia Del Socorro
Update on Celia Del SocorroCelia is 39 years old, from a farming family, and completely dedicated to this work. Her husband now works as a construction worker and with this income they support each other with the household expenses. Thanks to God her children are continuing their studies, despite the obstacles that they faced due to the lack of funding for farming. However, little by little they acquired loans and repaid their installments on time.
Today Celia is requesting her eighth loan to maintain a plot of land sown with pineapples by buying fertilizer, urea and insecticides. This will allow her to offer better products to her customers, and in the future to augment her sowing of pineapples to two plots of land, thus make more profits to support her family.
Previous Loan DetailsCelia del Socorro V. V. is 37 years old, married, and her husband works as a security guard helping his family with the financial expenses that they incur. They have three children – two are adults and are university students and the youngest is in high school. The parents have been farmers for... More from Celia Del Socorro's previous loan »
About AFODENICThis 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.
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Success!! The loan was 100% repaid