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Sara Del Socorro

Update on Sara Del Socorro

Sara, a married client, has two teenage children who are students looking to get ahead in life. Sara supports them unconditionally with their school expenses and food, with the help of her husband, who works as a driver, and with income from the small clothing and footwear business they currently run.

This loan she's requesting is to build another room in her house to give her children their own space. She's going to buy cement, sand, rebar, support beams, and corrugated metal sheets, and pay for labor.
View original language description ↓
Doña Sara, es una clienta casada, tiene dos hijos adolecentes, estudiantes que buscan como progresar en la vida y doña Sara les poya incondicionalmente en los gastos de escuela y alimentación con el apoyo de su esposo quien trabaja de conductor y con los ingresos del pequeño negocio de ropa y calzado que tienen en la actualidad, este crédito que solicita es para la construcción de otro cuarto en su hogar para ofrecerles su propio espacio a sus hijos, comprara cemento, arena hierro, perlines, laminas de zinc y la mano de obra.

Previous Loan Details

Sara continues with her cosmetic and clothing sales, and has a better financial position after having sold more products, thanks to having increased her inventory with the help of financing through Afodenic. Her husband is very supporting and works as a taxi driver. Her children attend school. ... More from Sara 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
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,832,275
    Funds lent in using Kiva
  • 24.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Sara Del Socorro to buy construction materials and to pay for labor.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2013
Listed
Mar 15, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014