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Nubia Del Socorro

Update on Nubia Del Socorro

Nubia has painstakingly constructed her small house with much effort and the support of her family. She is requesting this loan to finish the construction of the rear of the house since the last loan didn't cover all the materials that she needed. This time she hopes to finish it buying materials like cement, sand, cinder blocks, re-bar and complete the walls. She is grateful to Kiva and Afodenic for the support they give her.
View original language description ↓
La señora Nubia, se ha esmerado en ir construyendo su casita con mucho esfuerzo y con el apoyo de su familia, este credito lo esta solicitando para terminar de construir la parte trasera de sus casa ya que con el credito anterior no cubrio con los materiales que compro y esta vez piensa terminarla, compra materiales como cemento, arena, bloques, hierro. asi completara la toda la pared, Agradece a Kiva y Afodenic el apoyo que le han brindado.

Previous Loan Details

Nubia el Socorro R. lives in the Los Briones district. One of her main desires in life is to be able to give the best to her children. Her husband helps her unconditionally, because he works for a company as a security guard. She works as a teacher for a private company. With this loan, she w... More from Nubia 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
  • 140
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 25.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Nubia Del Socorro to buy construction materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2014
Listed
Apr 24, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015
This photo was used before for a previous loan for Nubia Del Socorro. It was first posted on Kiva on Aug, 2013. Learn More