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Andrea Del Socorro
Mrs. Andrea Del Socorro has a small grocery, which she runs out of her house. She has two dependent children. She started her business six years ago selling snacks for children. Little by little she reinvested her profits in her business and started buying basic grains, which are the highest selling products. When she started the business her goal was to find an alternative way to provide for her children; however, her business has helped her improve her life. Now her children have the chance to study. Currently she is applying for a loan to purchase more merchandise, principally basic grains, so that she can sell more both on cash and credit. She dreams of having a large business in the market which would allow her to provide for her entire family.
View original language description ↓
Doña Andrea Del Socorro se dedica al negocio de una pulpería desde su casa de habitación. Tiene dos hijos los cuales dependen de ella. Dio inicio a este negocio desde hace 6 años, inicio primeramente vendiendo golosinas para los niños, y poco a poco fue reinvirtiendo en su negocio de tal manera que pudiera vender granos básicos, que es lo que más compra la gente. Ella afirma que su objetivo al establecer este negocio fue buscando una fuente alternativa para brindarle manutención a sus hijos, sin embargo este negocio les ha servido muchísimo para salir adelante, ya que sus hijos pueden tener la oportunidad de estudiar. Actualmente está solicitando un este crédito para la compra de mercancías principalmente desea invertir en los granos básicos, pues vende más al crédito y de contado. La señora posee el sueño de tener un negocio grande en el mercado que brinde mayores ingresos a toda su familia.

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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,597,675
    Funds lent in using Kiva
  • 22.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Andrea Del Socorro capital for business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 9, 2011
Listed
Feb 18, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 21, 2012