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Carmen Del Socorro

Update on Carmen Del Socorro

Carmen is 37 years old and lives in the Laureles Norte neighborhood of Managua. She continues her work as factory worker in a free trade zone. With her husband's support, she seeks ways to get ahead. Her 10 and 13-year-old children are still in school and her goal is that they become professionals. Carmen requests the loan in order to continue building the west side of the perimeter wall. She needs to purchase more supplies in order to move forward. This will provide safety for her children.
View original language description ↓
Doña Carmen, tiene 37 años de edad, habitante del barrio Laureles Norte de Managua, continua su labor como operaria en una zona franca, busca como salir adelante con el apoyo de su esposo. Sus hijos de 10 y 13 años siguen estudiando y su meta es que sean profesionales. Carmen solicita el crédito para continuar con la construcción del muro perimetral del costado oeste, necesita compra mas materiales para avanzar, esto le permitirá seguridad a sus hijos.

Previous Loan Details

Carmen is a hard-working, enterprising woman. Her children go to school. She has worked for a long time as a operator. Her husband helps her financially. Her plan is to change her standard of living so that her children can have better opportunities. With the loan, Carmen will purchase const... 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 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
  • 142
    View loans »
    Nicaragua Loans Fundraising
  • $24,080,875
    Funds lent in using Kiva
  • 25.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Carmen Del Socorro to purchase construction supplies such as cement, bricks, iron and sand.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2013
Listed
Jul 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014