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Ligia Del Socorro
Socorro is single and lives in her mother's house with her 20-year-old son who is a university student. On her own, by renting out part of her house, she provides for her personal expenses and the education expenses of her only son.

She is choosing to take out her first loan in order to improve the roof and floor of her home. This is to provide a better appearance and comfort to her tenants. She will buy sheet metal roofing, purlins, ceramic tile, cement and other supplies in order to start the work.
View original language description ↓
Doña socorro, es una clienta soltera que vive en casa de su mama junto a su hijo de 20 años estudiante de la universidad, ella sola con su negocio de alquiler de vivienda propia mantiene los gastos personales y los estudios de su único hijo. Esta optando a un primer crédito para mejorar la infraestructura del techo y piso de su casa, para dar una mejor apariencia y comodidad a sus inquilinos, comprara laminas de zinc, perlines, cerámica cemento, entre otras cosas, para empezar la obra.

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

  • $3,636
    Average annual income
  • 145
    View loans »
    Nicaragua Loans Fundraising
  • $24,094,725
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Ligia Del Socorro to buy sheet metal roofing, purlins, ceramic tile, cement and other supplies.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014