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Ileana Del Socorro

Update on Ileana Del Socorro

Ileana is a teacher at the elementary school in Chontales. She takes care of her grandson who lives with her and depends on her economically. The bathroom she has at home is located in the patio and in bad condition. The loan she is requesting is to hire workers to build a septic tank and to buy stones to build the foundation for a bathroom.

Ileana plans to carry out the investment in two stages and this will be the first one. The second phase will be the construction and bathroom installation phase, which will give her family more safety and hygiene.
View original language description ↓
La señora Ileana es maestra de una escuela primaria de Chontales, tiene bajo su custodia un nieto que depende económicamente de ella. El servicio sanitario de su vivienda consiste en una letrina en mal estado ubicada en el patio de la casa. Solicita el financiamiento para pagar la mano de obra de excavación de sumidero y compra de piedras canteras para la construcción de la base de un inodoro. Esta inversión doña Ileana la hará en dos etapas siendo esta la primera. en una segunda fase terminara la construcción e instalación del nuevo inodoro que permitirá mayor seguridad y salud a sus seres queridos.

Previous Loan Details

Ileana is 46 years old and is single. She has 4 grown children. Her youngest son Robin, who is 22, lives with her. Currently, Ileana is also caring for her 12 year old grandson Melsin, who is in the first year of high school. Ileana has worked for the Ministry of Education as an elementary s... More from Ileana 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
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Ileana Del Socorro to buy stones, cement and sand.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2013
Listed
Sep 16, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015