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Irma Del Socorro

Update on Irma Del Socorro

Irma is a humble, young single mother who is trying to get ahead. She lives in Tipitapa, a town 30 minutes from Managua. She sells steel jewelry in order to educate and feed her three children. The loan she is requesting is to buy women's and men's chains, bracelets, rings and charms. With this small investment she hopes to continue with her sales and maintain her income, especially so she can put food on the table for her children.
View original language description ↓
Una humilde mujer que siendo madre soltera intenta salir adelante es la joven Irma, quien habita en Tipitapa un municipio a 30 minutos de Managua, ahora ella se ha dedicado a vender prendas de acero, para poderles dar la educación y alimento a sus tres hijos. Solicita el crédito para poder invertir en cadenas, pulseras, anillos, dijes, para damas y caballeros, con esta pequeña inversión espera continuar con las ventas para mantener sus ingresos y que sobre todo a sus hijos no les falte la comida.

Previous Loan Details

Irma is a very hard working woman. Today, her life has given her changes that are not very positive. She separated from her husband, She changed her small business from selling tortillas, selling clothing, CDs, even a small grocery store, which, with savings, the help of a friend and financing… More from Irma 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

  • $3,636
    Average annual income
  • 150
    View loans »
    Nicaragua Loans Fundraising
  • $23,163,975
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Irma Del Socorro to buy steel chains, bracelets, rings and charms.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2013
Listed
Jul 6, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014