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Marcia Del Socorro

Update on Marcia Del Socorro

Marcia Del Socorro runs a general store out of her home where she receives customers offering them a variety of products. This entrepreneur has received financial support for her business enabling her to buy products for her store. She is very grateful for this help because she has increased the range of merchandise she can offer her customers. The current loan she is requesting is to buy sweets, soft drinks, bread, detergents, basic grains and other products.
View original language description ↓
Marcia Del Socorro su actividad a la que se dedica es una pulpería que la tiene ubicada en su casa de habitación donde atiende a sus clientes con variedad de productos. Esta emprendedora se le ha apoyado en el financiamiento para invertir en el negocio de la compra de productos para la pulpería, nos expresa la emprendedora que gracias al apoyo se ha podido aumentar mercadería para ofrecerle a sus clientes. Actualmente la emprendedora esta solicitando financiamiento para la compra de golosinas, refrescos, pan, detergentes y granos básicos, carne y otros productos.

Previous Loan Details

Marcia Del Socorro has a general store, which she’s had for more than 2 years. This is not the first time she has requested a loan, as she is a very dynamic person. Sales of basic need and consumer products are necessary for the home. She is a very hard-working person who puts forth a great ef... More from Marcia 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

  • $4,800
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 23.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Marcia Del Socorro to buy sweets, soft drinks, bread, detergents, basic grains, meat and other products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2012
Listed
Feb 23, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Marcia Del Socorro. It was first posted on Kiva on Jan, 2011. Learn More