Check out some available loans that are similar to this one!
Nelly Del Socorro

Update on Nelly Del Socorro

Nelly lives in the town of Ticuantepe. Her biggest dream is to improve her living conditions. She and her husband strive every day to achieve their goals.

She has had her own business for more than 10 years. She owns a stationery store in the center of town and business is going very well for her. Her husband helps with the household expenses because he works as an independent consultant.

Currently she needs capital to invest in her business because the coming months have the highest sales and she wants to take advantage of it to improve her income somewhat. She's going to buy books, notebooks, maps, pencils, poster boards, etc.

She's grateful for this support from AFODENIC and Kiva.
View original language description ↓
La señora Nelly habita en el municipio de Ticuantepe, su mayor sueño es mejorar sus condiciones de vida, junto a su esposo lucha dia a dia para lograr sus objetivos, desde mas de 10 años ella tiene su propio negocio es dueña de Una Libreria ubicada en el centro del municipio negocio que le va muy bien, su esposo la apoya con los gastos del hogar ya que trabaja como consultor independiente, actualmete requiere de capital para invertir en su negocio ya que se aproximan los meses en que mas vende y quiere aprovechar para que sus ingresos mejoren un poco, compra: Libros, Cuadernos, Mapas, Lapices, Cartulinas, Figuras etc. Agradece el apoyo que Afodenic y Fondos le estan brindando.

Previous Loan Details

Nelly lives in the town of Ticuantepe with her husband who works for a private company and helps toward their basic household expenses with his salary. Nelly has been running her own stationery business for a number of years but she doesn't have enough capital to invest in buying a batch of pape... More from Nelly 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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,551,600
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Nelly Del Socorro to buy a products for her stationery store.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2013
Listed
Jun 14, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Nelly Del Socorro. It was first posted on Kiva on Oct, 2012. Learn More