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Margine Del Socorro

Update on Margine Del Socorro

Margine works tirelessly each day to support her children and provide them the best within her means. She wakes up very early every day so that she can offer products to sell. Margine has worked at her business for many years in order to support her family. Her husband also provides support with his income.


This will be the fourth loan she has requested and she will invest the proceeds by purchasing a variety of clothing, shoes, and cosmetics for women and men. Margine always wants to maintain a supply of products for her business so that she can generate good earnings which she has used to repay her loans. She is very pleased and grateful to have access to the loans.

View original language description ↓
Margine trabaja incansablemente a diario para mantener a sus hijos y darles lo mejor dentro de sus posibilidades, ella se levanta todos los días muy temprano para ofrecer sus productos en la venta, negocio que tiene varios años de trabajar en él para el sustento de la familia al lado de su esposo quien también la apoya con sus ingresos, este 4to crédito lo solicita para invertir comprando variedades de ropa, calzado y cosméticos de damas y caballeros para mantener siempre con productos su negocio que le ha generado buenas ganancias con el cual ha podido pagar sus créditos por lo que está muy contenta y agradecida de poder contar con ello.

Previous Loan Details

Margine continues with her clothing and cosmetics business, as well as the sale of nacatamales (Nicaraguan steamed corncakes) on weekends. She is managing to maintain her sales. She and her husband are trying their best to complete improvements to their house. They are building a room. The wo... More from Margine 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

  • $4,800
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Margine Del Socorro to buy clothing, shoes, and cosmetics.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Jan 12, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013