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Irma Del Socorro

Update on Irma Del Socorro

Irma is 34 years old and lives in the municipality of Managua. She has three children, who are school-aged. With her life partner, she has worked selling stainless steel jewelry as a street vendor for some years. They go to the interior of the country to offer their products and satisfy the demand of the people living there. The loan will be used to invest in capital, just as they used the previous loans to do this. She will buy surgical steel jewelry. She hopes in some years to be able to have a business that is sustainable and also wants to install a business selling food in her home.
View original language description ↓
Irma tiene 34 años de edad, habita en un municipio de Managua. Tiene 3 hijos de edad, los cuales están en edad escolar. Junto a su compañero de vida se dedica a la venta de joyas de acero de manera ambulante desde hace algunos años. Se movilizan al interior del país para ofertar sus productos y satisfacer la demanda de los habitantes. El crédito será usado para la inversión de capital, al igual que créditos anteriores los ha usado para eso, Comprará joyas de acero. Espera en algunos años poder hacer que su negocio sea auto sostenible y también desea poner un negocio de venta de comida en su vivienda.

Previous Loan Details

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 th... More from Irma Del Socorro's previous loan »

Additional Information


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

  • $4,800
    Average annual income
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $25,413,450
    Funds lent in using Kiva
  • 26.0
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $1,175 helped Irma Del Socorro to purchase surgical steel jewelry.
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 31, 2014
Jul 10, 2014
Currency Exchange Loss:
Aug 9, 2014