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Soraida Del Socorro
Soraida always works arduously night and day next to her husband attending to their business. Of their four children only one is dependent on them. They still manage their local shop and the sale of firewood, income that has helped them raise all their children.

She is requesting a 15th loan for the construction of the front wall of her house. With this loan she will be able to buy cement, sand, blocks, iron, and gravel and hire labourers so she can provide better security to her home and family. Little by little she will improve the conditions of life.

As you can see in the picture Soraida has yet to finish building her house but with the support of Afodenic and Kiva she will finish the infrastructure in the future.
View original language description ↓
Doña Soraida siempre trabajando arduamente de día y de noche al lado de su esposo atendiendo su negocio, de sus cuatro hijos solamente uno depende de ellos, mantienen siempre la pulpería y la venta de leña ingresos que le ha ayudado a criar a todos sus hijos, ella solicita un quinceavo crédito para infraestructura para la construcción del muro frontal de su casa, con el préstamo podrá comprar cemento, arena, bloques, hierro, piedrín y la mano de obra, así le podrá brindar mayor seguridad a su vivienda y familia, poco a poco irá mejorando sus condiciones de vida, a como podrán apreciar en la foto a Soraida le falta terminar de construir su casa, pero con apoyo de Afodenic y Kiva podrá terminar sus pendientes de infraestructura más adelante.

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.

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
  • $24,558,975
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Soraida Del Socorro to buy cement, sand, blocks, iron, gravel and hire labourers.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013