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Fatima Del Socorro

Fatima works selling clothing and cosmetics by request and on credit. She is 34 years old and lives in a neighborhood called Villa Reconciliacion. Her husband works as a chemical engineer. When Fatima began her business she used money from her previous job and money from her husband to start. She would like to use the money from this loan to construct another room in her house which she can rent out to earn more income. This will be her fifth loan and she's pleased with Afodenic for their support. In the future, she would like to continue to improve her home.

View original language description ↓
La señora Fátima se dedica ala venta de ropa y cosméticos vende al contado y al crédito a la quincena, tiene 34 años de edad, reside en el barrio Villa reconciliación, su esposo es ingeniero químico. Cuando inicio su negocio lo hizo con fondo de su liquidación de su trabajo y con ayuda de su esposo pudo comenzar. Su proyecto con este crédito es la construcción de un cuarto con el objetivo de alquilarlo para obtener otros ingresos, este es su quinto ciclo de préstamo que esta muy contenta con Afodenic por ser parte de sus metas adquirida. Sus planes a futuro es poder seguir mejorando su vivienda.

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.

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.

About Nicaragua

  • $3,636
    Average annual income
  • 142
    View loans »
    Nicaragua Loans Fundraising
  • $24,080,875
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Fatima Del Socorro to purchase materials needed to construct another room on their house, which they can rent out to generate additional income.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010