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Cruz Del Socorro

Update on Cruz Del Socorro

Cruz Del Socorro has three adult children. She is and enterprising woman who has been selling dairy products for the last 23 years. She sells products like cheese, cream, butter, curd, milk, and other foods.

Cruz has shown herself to be a responsible, hard-working person with a lot of business experience. She is requesting a loan to invest in her business. This way she will be able to satisfy her customer demand.
View original language description ↓
Cruz Del Socorro con tres hijos adultos esta emprendedora se ha desempeñado en su actividad economica como es la venta de productos lacteos durante los últimos 23 años, como queso y crema,mantequilla, cuajada, leche, así como otros alimentos, en la actualidad la Sra cruz ha demostrado ser una persona responsable, trabajadora, y con mucha experiencia en negocio ella esta solicitando el financiamiento para invertir en el negocio y asi poder sastifacer la demanda de sus clientes.

Previous Loan Details

Cruz Del Socorro is a 56-year-old single mother of three adult children. For the last 23 years, she has sold different milk products, such as cheese and cream, as well as other food items. The loan proceeds will be used to buy more milk, as well as pigs. Cruz del Socorro’s goal is to improv... More from Cruz 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
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $25,083,125
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Cruz Del Socorro to buy cheese, cream, butter, curds, milk, and other foods.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Apr 27, 2012
May 23, 2012
Currency Exchange Loss:
Feb 15, 2013
This photo was used before for a previous loan for Cruz Del Socorro. It was first posted on Kiva on Jul, 2011. Learn More