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Xiomara Del Socorro

Update on Xiomara Del Socorro

Doña Xiomara is 40 and lives with her spouse, who is a bricklayer. She has always taken care of her children through her job as a salesperson and packer in a private company that makes chemical products. She is still building a room for her daughter and needs to buy cement blocks, iron, cement, and sand. She is applying for a loan to buy the materials so that she can complete the construction, as she doesn't earn enough to do so. She is grateful for the funding.
View original language description ↓
Doña Xiomara de 40 años ahora acompañada de su pareja quien es albañil, ella siempre cuida de sus hijos apoyada de su labor como vendedora y empacadora de productos químicos en una empresa privada, continua con la construcción de cuarto para su hija y necesita comprar bloques, hierro, cemento, arena, bloques por lo que solicita el credito para hacer de una sola vez esta construcción lo que su salario no le permite, pero si es posible gracias a los financiamiento.

Previous Loan Details

Xiomara continues working as a packer in order to provide for her family's well-being. She now has a partner who works as a builder and her goal is to improve her home so that she can provide her family with better living conditions. What Xiomara would like is to build a room. She will use t... More from Xiomara 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
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,535,925
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $750 helped Xiomara Del Socorro to buy cement blocks, iron, cement, and sand.
99% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2013
Listed
Mar 2, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014