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Miriam Del Socorro

Update on Miriam Del Socorro

Miriam and her husband have worked together as tailors for many years. This work allows her to help her children and pay her household expenses.

She is requesting this loan to purchase materials to make more clothing to sell and to be able to accept orders. With the materials she has, she cannot continue her work, which is the only source of income to help her and her family in these difficult economic times.
View original language description ↓
Miriam una señora que junto a su esposo se dedican a la sastrería desde hace muchos años, trabajo que le permite ayudar a sus hijos, mantener los gastos del hogar, este crédito que solicita en para invertir en materia prima para poder confeccionar mas ropa y lograr vender y aceptar encargos, ya que sin la materia prima no podrían continuar con su labor que es su único medio de ingresos para ayudarse ella y su familia en estos tiempos difíciles de la economía.

Previous Loan Details

Miriam is 50 years old and makes a living as a seamstress. She has provided this service to her customers for over 14 years; thanks to the experience and support of her husband, who is a tailor, together they have been able to build a strong customer base. She will use this new loan to invest ... More from Miriam 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

  • $3,636
    Average annual income
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,060,850
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Miriam Del Socorro to purchase a variety of fabrics and accessories.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2013
Listed
Apr 24, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014