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Martha Del Socorro

Update on Martha Del Socorro

Martha 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.
View original language description ↓
Doña Martha ha sido madre soltera, ha buscado siempre la manera de salir adelante junto a sus hijos, haciendo tortillas y puso una pequeña pulpería con lo que también se está apoyando un poco ya que también tiene que pagar alquiler del local para poder vender en el día, en la actualidad tiene dos de sus hijos a su cargo quienes están estudiando. Doña Martha solicita el crédito para ir mejorando su casita la que va avanzando poco a poco de acuerdo a sus ingresos, en esta ocasión necesita ponerle puertas, ventanas y enverjado a su vivienda, para sentirse segura ya que la zona donde habita hay mucha delincuencia.

Previous Loan Details

Doña 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 »

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 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

  • $4,800
    Average annual income
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $24,546,650
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Martha Del Socorro to buy doors, windows, and bars.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
Jun 16, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014