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Carmen Del Socorro

Update on Carmen Del Socorro

Carmen is is a hardworking,determined, and very humble woman. Together with her spouse she works very hard day after day to move her family forward, the two working independently. She has worked with agricultural crops for many years. Now she needs to invest in the cultivation of pineapple because the climate has not been good and diseases can destroy her crops, so she must give them optimal care. With this loan she will buy fertilizer and other necessary inputs for a good harvest. She is grateful for the support than Afodenic and Kiva funds have brought her.
View original language description ↓
La señora Carmen, mujer luchadora, trabajadora y muy humilde, junto a su esposa trabajan duro dia a dia para sacar adelante a su familia el con sus trabajos independiente y ella con el trabajo de sus cultivos. agricultora desde hace muchos años, actualmente requiere invertir en su cultivo de piña ya que con el mal tiempo del clima y las plagas que asechan sus productos necesita darle un optimo mantenimiento, con este credito comprara los insumos y Fertilizantes necesarios para que su cosecha sea buena, Agradece le apoyo que Afodenic y Fondos Kiva le han brindado

Previous Loan Details

Sra. Carmen lives in Ticuantepe with her husband, a laborer, and their children. Dona Carmen operates a farm to help support the family. Her biggest challenge is the weather. She fell behind on a past loan when her crop failed and she was unable to repay the loan as agreed. She is grateful to... More from Carmen 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

  • $4,800
    Average annual income
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,558,975
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Carmen Del Socorro maintain crops.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2013
Listed
May 10, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014