Check out some available loans that are similar to this one!
Alexandra Del Socorro

Update on Alexandra Del Socorro

Alexandra lives in the Ticuantepe municipality together with her husband and children. The two of them have striven and worked very much to accomplish their greatest dream: to have their own home. Their greatest difficulty is that they are unable to raise the money once and for all that they need in order to buy construction materials. With this new loan, they will buy blocks, sand, and cement to finish the house. She is grateful for the support and funding that AFODENIC and Kiva have provided her.
View original language description ↓
La señora Alexandra, habita en el municipio de Ticuantepe, junto a su esposo e hijos, entre los dos han trabajado y luchado mucho para lograr realizar su mayor sueño tener su casa propia, su mayor dificultad es que no pueden reunir de una sola vez el dinero para comprar lo que necesitan en Materiales para construir con este nuevo credito ellos comprar Bloques, Arena, Cemento para tenermiar de completar la casa, Agradece el apoyo que Afodenic y Fondos Kiva le han brindado.

Previous Loan Details

Alexandra lives in Ticuantepe with her husband who works for a private firm to help her with household expenses. They have two children attending school that need their care. Alexandra has been employed by a private firm for several years but her salary is insufficient for her to be able ... More from Alexandra 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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • 24.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Alexandra Del Socorro to buy construction materials to build a bathroom.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014