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Fátima Del Socorro

Update on Fátima Del Socorro

Fátima is 32 years old and her partner works as a machine operator in order to cover the family's expenses. They have two children under the age of 9, and with a lot of hard work and effort have been able to maintain the costs of their home and of their children's studies. Fátima used to work in a factory but when her youngest son became sick she had to quit, and she now works as a domestic helper in a large home. She has used previous loans to improve her home, and this loan will also be used to add some rooms to the home. She needs to buy cement, sand, blocks, iron, zinc, and stones in order to do so. She would like to start the work as soon as possible, in order to put in a concrete wall, as one of the walls at the moment is just a sheet of metal and sometimes it gets very hot.
View original language description ↓
Fátima de 32 años, su compañero de vida trabaja en una zona franca como operador de maquinas y apoya en los gastos familiares, tiene 2 hijos menores de 9 años, con mucho esfuerzo ha mantenido los gastos del hogar y los estudios de sus hijos, ella ha trabajado en la zona franca pero su hijo menor se le enfermo puesto a que tuvo que renunciar, ahora trabaja como empleada domestica en una casa particular, sus créditos los ha utilizado para la mejora de su vivienda este préstamo lo solicita para acondicionar sus cuartos por lo que necesita comprar cemento, arena, bloques, hierro, zinc, piedrín, para empezar la obra lo más pronto ya que una parte de las paredes todavía son de laminas de zinc y a veces es muy caliente y ella desea hacer la pared de concreto.

Previous Loan Details

Fatima continues to work in the free trade zone where she has a job as an operator. She has worked in this place for several years. As her son continues to grow, Fatima is the only one providing for his education. Today she has a companion who works as a lathe operator. He provides both moral... More from Fátima 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

  • $4,800
    Average annual income
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,574,825
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Fátima Del Socorro to buy cement, sand, blocks, iron, zinc, and stones.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013