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Esperanza Del Socorro

Update on Esperanza Del Socorro

Esperanza Del Socorro is an entrepreneur whose business is a general store. With great hard work, she has make it successful. She started this business a long time ago because she needed to help out with the family's household costs and provide for her children. This is not Esperanza's first loan for the purchase of merchandise for her business so that her customers will be satisfied by the variety of products she offers. She is currently requesting a loan for the purchase of products such as: candy, pop, vegetables, crackers, pens, bread, basic grains, and other items.
View original language description ↓
Esperanza Del Socorro es una emprendedora que el negocio que tiene es una pulpería, que con mucho esfuerzo la ha sacado adelante desde hace mucho tiempo que inicio el negocio ya que tenía que apoyar en los gastos de la familia y brindarle a sus hijos lo necesario. Esperanza no es la primera vez que se le apoya en el financiamiento para la compra de mercadería para el negocio y aumentarla y que sus clientes estén satisfecho por la variedad de producto. Actualmente la emprendedora está solicitando financiamiento para la de productos como golosinas, gaseosas, verduras, golosinas, bolis, pan, galletas, granos básicos entre otros productos.

Previous Loan Details

Esperanza Del Socorro has 3 grown-up children. Her business is a grocery store. Esperanza started working as she needed to make a daily income. She didn't have a job owing to her age and so she decided to set up her own business. In spite of the fact that she didn't have enough capital, she s... More from Esperanza 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
  • 79
    View loans »
    Nicaragua Loans Fundraising
  • $23,617,600
    Funds lent in using Kiva
  • 23.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Esperanza Del Socorro to buy candy, pop, vegetables, pens, bread, crackers, basic grains, and other products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2012
Listed
Feb 20, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Esperanza Del Socorro. It was first posted on Kiva on Mar, 2011. Learn More