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Nemesia Del Socorro

Update on Nemesia Del Socorro

The enterprising Nemesia Del Socorro has already been working with Kiva partner Fundación León 2000. With her previous loan she asked to invest in her business in order to offer her clients a greater variety of products. During the life of the loan she has demonstrated herself to be a responsible person with drive to get ahead each day in her personal life and in her business. This enterprising woman expresses that her business is growing and that she has new clients that visit. Currently she is asking for a loan in order to purchase products like sausages, bread, a variety of salsas, soft-drinks, juices and bags, among other products.
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La emprendedora Nemesia Del Socorro, ya ha venido trabajando con Fundación León 2000 en el cual en el crédito anterior que solicito fue para invertir en el negocio y poder ofrecerle a sus clientes variedad de producto, durante el credito ha demostrado ser una persona responsable y con ganas de superación cada día en lo personal y en su negocio, la emprendedora nos expresa que su negocio está creciendo y que tiene nuevos clientes que la visitan. Actualmente la emprendedora está solicitando financiamiento para la compra de productos como salchicha, pan, variedad de salsas, gaseosas, jugos, bolsas entre otros productos.

Previous Loan Details

Nemesia Del Socorro is 40 years old. She has 3 children who depend on her. Her business is the sale of hotdogs and soft drinks. She has had this business for more than 3 years. She decided on this line of work because it is one of the most profitable sources of income and she enjoys the work. Nem... More from Nemesia 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
  • 106
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 23.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Nemesia Del Socorro to purchase products like sausages, bread, a variety of salsas, soft-drinks, juices, and bags, among other products.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2012
Listed
Mar 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 24, 2014
This photo was used before for a previous loan for Nemesia Del Socorro. It was first posted on Kiva on Feb, 2011. Learn More