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Aracelly Del Socorro

Update on Aracelly Del Socorro

Sra. Aracelly continues to work hard to achieve one of her dreams: finish building her house. Her husband is always by her side helping out; he works for a private company. Aracelly sells cosmetics, perfume, and other products for women.

She is seeking a loan to buy construction materials such as cement blocks, cement, and sand to complete the walls on the house. She is grateful for the confidence shown in her by Kiva and Afodenic through this opportunity. Over the years her living conditions have improved.
View original language description ↓
Doña Aracelly continua con su lucha de cumplir uno de sus sueños terminar su casa, su esposa la apoya incondicionalmente ya que labora para una empresa privada ella por su parte vende cosméticos, Perfumes y todo para cuidado de cuerpo para damas, solicita este crédito para comprar Materiales de Construcción como Bloques, cemento, arena terminara de levantar paredes de su vivienda en construcción, Agrade la confianza y oportunidad que Kiva y Afodenic le ha brindado durante estos años ya que sus condiciones han mejorado.

Previous Loan Details

Araceli lives in the neighborhood of Medardo Andino in the town of Ticuantepe with her husband who helps her every day. The two of them provide for the family. He has worked for a private company for several years and Araceli works as a domestic employee. Her greatest dream is to finish buildi... More from Aracelly 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
  • 138
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 26.0
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $600 helped Aracelly Del Socorro buy building materials.
75% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 4, 2014
Listed
Jul 27, 2014
Currency Exchange Loss:
Possible