Martha Del Socorro
Update on Martha Del SocorroMartha has been a single mother; she has always looked for a way to get ahead with her children by making tortillas. She opened a small grocery store, which helped a bit, but she also had to pay rent for the space so she can sell every day. Her two dependent children are students.
Martha has applied for a loan to remodel her house, and the work is coming along slowly and depends on her income. She now needs to buy doors, windows, and bars for the house so that she can feel safe, as there is a lot of crime in the area.
Previous Loan DetailsDoña Martha continues to sell her delicious tortillas, the sales of which have increased. With the profits she has managed to set up a small grocery store where she sells a variety of products as she now also has the financial support of her eldest son who works as a bricklayer and brings home mo... More from Martha Del Socorro's previous loan »
About AFODENICThis 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.
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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.
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Success!! The loan was 100% repaid