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Siomara Del Socorro

Update on Siomara Del Socorro

Siomara Del Socorro is an entrepreneur who has relied on loans to buy products to sell her customers. This entrepreneur has been working with Fundación León 2000 and has shown herself to be a responsible person with the wish to improve.

She is asking for a loan at present to buy cosmetics for her customers since she already has pending orders to fill. She will use the loan to buy treatments, shampoo, conditioner, lip gloss, lipstick and nail polish, among other products.
View original language description ↓
Siomara Del Socorro es una emprendedora que se le apoyado en el financiamiento en la compra de productos que ofrecerle a sus clientes, esta emprendedora ya ha venido trabajando con Fundación León 2000 en el cual ha demostrado ser una persona responsable y con deseos de superación. Actualmente está solicitando financiamiento para la compra cosméticos para sus clientes ya tiene pedido pendiente para entregar, con el crédito comprara, tratamientos, shampoo, acondicionadores, lápiz labial, brillos, pintura de uñas entre otros productos.

Previous Loan Details

Siomara Del Socorro sells cosmetics and has been earning a living this way for four years. This is not the first time she’s used financing from Fundación, which has been a great supporter of her business. She began with help from her husband, since they both have to go out to offer their produc... More from Siomara 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
  • 72
    View loans »
    Nicaragua Loans Fundraising
  • $23,621,150
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Siomara Del Socorro to buy cosmetics.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2012
Listed
Apr 18, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013
This photo was used before for a previous loan for Siomara Del Socorro. It was first posted on Kiva on Feb, 2011. Learn More