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Denis Del Socorro

Update on Denis Del Socorro

Denis Del Socorro is 48 years old and his activity is the sale of general merchandise. He is a very hardworking man who lives in his own home and who works daily to move forward together with his wife and children. He sells his products itinerantly to earn new clients. What he most enjoys about his work is having the liberty to rest in certain locations before setting out to work again. This will be his tenth loan and he hopes to be very punctual with his payments. He will purchase clothing in general, cosmetics, shoes, undergarments, silver jewelry, watches, and handbags.
View original language description ↓
Denis Del Socorro tiene 48 años, su actividad es la venta de mercadería en general. El es un hombre muy laborioso, vive en su casa propia y se esmera a diario por sobre salir adelante junto a su esposa e hijos. El sale a vender sus productos de manera ambulante ya que así obtiene clientes nuevos, lo que más le gusta de su trabajo es que tiene la libertad de descansar en algunos lugares y seguir con su labor. Este será su décimo préstamo, espera ser muy puntual en sus cuotas, así comprara ropa en general, cosméticos, calzado, ropa interior, prendas de plata, reloj y bolsos.

Previous Loan Details

Denis C. Rodríguez is 44 years old and is married with three children. He sells general merchandise and has done so for more than 5 years. Denis began his business out of the necessity to feed his family. He began by purchasing clothing, which he offered to his friends. At the outset, he did ... More from Denis 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
  • 142
    View loans »
    Nicaragua Loans Fundraising
  • $24,094,725
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Denis Del Socorro to purchase clothing in general, cosmetics, shoes, undergarments, watches, and handbags.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2011
Listed
Sep 29, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013