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Marbellí Del Socorro

Update on Marbellí Del Socorro

Marbellí is a woman who tries to find ways to get ahead in life. Her children are growing up and the eldest already helps his father work as a lathe operator in a machine shop. The other two devote themselves completely to their studies. Marbellí continues selling cosmetics and currently she's experimenting with being a stylist.

She's requesting the loan to build a room for the welfare of her children. The space where they live is very uncomfortable for everyone, so it's necessary to make this improvement in her home.
View original language description ↓
Marbellí es una mujer que busca como progresar en la vida, sus hijos van creciendo ya el mayor le ayuda a su padre a trabajar como tornero en un taller de mecánica, mientras que los otros dos se dedican de lleno al estudio. Marbellí continúa vendiendo cosméticos y ahora está experimentando el ser estilista. Ella solicita el crédito para construir un cuarto para el bienestar de sus hijos ya que en el espacio donde habitan es muy incomodo para todos, por lo que le es necesario hacer esta mejora en su hogar.

Previous Loan Details

Maribel, a hardworking woman, dedicates herself to her children's future. Nowadays, she sells cosmetics exclusively for women a business she started through loans her company offers their consultants. She assures she is a woman with goals since she has made her goals of improving her home a reali... More from Marbellí 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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 150
    View loans »
    Nicaragua Loans Fundraising
  • $24,071,325
    Funds lent in using Kiva
  • 25.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Marbellí Del Socorro to buy cement, sand, rebar, cinderblocks, corrugated metal sheets, and support beams.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2013
Listed
Jul 31, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014