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Milena Del Socorro

Update on Milena Del Socorro

Milena Del Socorro, 59, has had a tailor’s shop for over 41 years. She is an exemplary woman who, despite her advanced age, does not tire of working to get ahead and to be able to provide her family with a better quality of life. She is very honest but, above all, enterprising. She has decided to take out this loan to buy thread, scissors, fabric and thimbles, among other items.
View original language description ↓
Milena Del Socorro de 59 años, tiene su negocio que es una sastrería. Hace más de 41 años que tiene esta actividad. Ella es una mujer ejemplar ya que a pesar de su avanzada edad no se cansa de trabajar para salir adelante y poder dar a su familia una mejor calidad de vida. Es muy honesta pero sobre todo emprendedora. Ha decidido hacer este crédito para la compra de hilos, tijeras, telas, dedales entre otros productos.

Previous Loan Details

Sra. Milena del Socorro is 56 years old. She is a seamstress who has been offering her sewing services for more than 40 years. Her business has allowed her to provide for the daily needs of her children. She operates her business out of her home, and most of her neighbors know about her work and… More from Milena 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
  • 172
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,250
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Milena Del Socorro to buy sewing supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2011
Listed
Sep 30, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012