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Ligia Del Socorro

Update on Ligia Del Socorro

Ligia lives in the municipality of Ticuantepe with her husband and children. Her plan for the future is to improve her living conditions.

Ligia sells new and used clothing and with these earnings she has begun building a house. With this loan, Ligia would buy paving stones, cement, a truckload of gravel, a truckload of sand, and metal, which will allow her to build most of her house.

She is grateful for the support given to her by Afodenic, which, through Kiva, helps people who need to improve their lives.
View original language description ↓
La señora Ligia habita en el municipio de Ticuantepe, junto a su esposo e hijos sus planes a futuro son mejorar sus condiciones de vida, ella se dedica a la venta de ropa nueva y usada y con eso ha hido construyendo su casa, con este nuevo credito Ligia comprara: Piedra cantera, Cemento, un Viaje de Piedrin, un viaje de Arena, Hierro. con esto podra construir gran parte de su vivienda.Agradece el apoyo de Afodenic quien a travez de Fondo Kiva ayuda a personas que necesitan mejorar de vida.

Previous Loan Details

Ligia lives in the municipality of Ticuantepe with her husband. Her plan for the future is to improve her living conditions. She sells clothes and with this has been building her house. Ligia will use this new loan to buy paving stones, cement, a truckload of gravel, a truckload of sand and me... More from Ligia 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
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Ligia Del Socorro to purchase materials for construction.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2013
Listed
Jul 7, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014
This photo was used before for a previous loan for Ligia Del Socorro. It was first posted on Kiva on Jul, 2012. Learn More