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Esperanza Del Socorro

Update on Esperanza Del Socorro

Esperanza is a women with very limited resources. She had seven children, of which only one is still in her care. The others are now self-sufficient. She has been a single mother for many years. She supports herself as a street vendor, selling fruits and vegetables to cover her daily expenses.

She is applying for the loan because she needs to begin building a room that will allow her to enjoy better space and infrastructure, to live in better conditions.
View original language description ↓
Esperanza, es una señora de muy escasos recursos, quien procreo 7 hijos de los cuales solamente tiene uno bajo su cargo, los demás son independientes, ha sido madre soltera por muchos años. Se mantiene con las ventas de frutas y verduras los que vende en las calles de manera ambulante, con los que cubre sus gastos principales del día. Solicita el crédito porque tiene la necesidad de empezar a construir un cuarto, lo que le permitirá gozar de mejor espacio e infraestructura, para vivir en mejores condiciones.

Previous Loan Details

Esperanza is a hard-working woman who sells fruit and vegetables every day as an itinerant vendor. She works on the sidewalks around the capital city. She is 54 years old and the single mother of seven children who now live independently. Only one of her daughters is still studying and lives w... More from Esperanza 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

  • $3,636
    Average annual income
  • 147
    View loans »
    Nicaragua Loans Fundraising
  • $24,071,325
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Esperanza Del Socorro to purchase construction materials, such as cement, iron, sand and cinder blocks.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2013
Listed
Jul 1, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014