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Maria Del Socorro

Update on Maria Del Socorro

Maria Del Socorro provides seamstress services. She has had her business for more than 40 years. She is the owner and administrator of her business which is located in her house. She produces all types of clothing. She started out her business when she was very young and her mother previously had the business. Maria requests a loan with the goal of investing in materials such as fabrics, thread, scissors and other products.
View original language description ↓
María Del Socorro se dedica a brindar el servicio de taller de costura. Hace más de 40 años que posee este negocio. Ella es propietaria y administradora de su negocio que está ubicado en su vivienda, en el cual confecciona todo tipo de prendas de vestir. Inicio desde muy joven este negocio, mediante su Mama quien anteriormente se hacía cargo de la actividad. Ahora María solicita este crédito con el fin de invertir en materia prima como telas, hilos, tijeras entre otros productos.

Previous Loan Details

María del Socorro, 65, has five children who work independently. She is a seamstress and has a good variety of regular customers. This isn’t her first loan with the Fundación; they have been of great help to her in her work activity. This capital will be used to buy thread, scissors,… More from Maria Del Socorro's previous loan »

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).

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

  • $3,636
    Average annual income
  • 59
    View loans »
    Nicaragua Loans Fundraising
  • $23,422,650
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Maria Del Socorro to purchase fabrics, thread, scissors and other products.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2011
Listed
Sep 28, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 21, 2013