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Xiomara Del Socorro
Xiomara Del Socorro is 47 years old, married and has a dependent child. She has her business which is a grocery store located in her home. She has dedicated herself to the sale of these products for 5 years. However, it wasn't until two years ago that she was able to invest in a variety of products, in this way seeking to increase her income. She started this business through her husband, who also invested capital in opening it. The loan will be invested in buying more merchandise which will allow her to increase sales and her profits. Lately they have had many problems related to the instability in product prices this is why they need funding to cover these problems. Her dream has always been to expand her business to provide a better quality of life for her son.
View original language description ↓
Xiomara Del Socorro tiene 47 años, es casada y tiene un hijo a su cargo. Ella tiene su negocio que es una pulpería el cual está ubicado en su vivienda. Hace más de 5 años que se dedica a la venta de estos productos, sin embargo fue hasta hace dos años que ha logrado invertir en una gran variedad de productos, buscando de esta manera como incrementar sus ingresos. Ella lo empezó por su esposo el cual también invirtió capital en la apertura del mismo. El crédito será invertido en la compra de mas mercadería que le permitirá incrementar sus ventas y de esta manera su ganancia. Últimamente han tenido muchos problemas relacionados con la inestabilidad en el precio del producto, y es por ello que necesitan financiamiento para cubrir cualquiera de estos problemas. Su sueño siempre ha sido agrandar más su negocio para brindar una mejor calidad de vida a su hijo.

Additional Information

Fundación Leon 2000

This loan is administered by Fundación Leon 2000. Fundación Leon 2000 began operations in 1993 as the first microfinance institution to serve the western part of Nicaragua, a country which continues to be one of the poorest in the western hemisphere. Fundación Leon 2000 works to further the development of micro, small, and medium enterprises through credit services and management, applying the best credit industry practices and technical expertise. Additionally, Fundación Leon manages several business and financial education programs in the community, specifically for young entrepreneurs and at-risk youth. Fundación Leon 2000’s group of experienced and dedicated employees works in 7 offices in Leon, Chinandega, Chichigalpa, Somotillo, Jinotepe, El Sauce, and Nagarote and serves several thousand clients (the majority of whom are women).

About Nicaragua

  • $4,800
    Average annual income
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 21.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Xiomara Del Socorro working capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2010
Listed
Nov 5, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2011