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Dolores Del Socorro

Update on Dolores Del Socorro

Dolores Del Socorro’s economic activity is selling new clothes; she’s had this business for ten years. It arose because of the need she had to have a way of working to support her family. She’s been able to keep it going and prospering by means of financing that Fundación León 2000 has given her. This loan will be invested in the purchase of pants, shirts, skirts, suits and bed linens among others.
View original language description ↓
La Señora Dolores Del Socorro tiene como actividad económica la venta de ropa nueva tiene este negocio hace diez años, el cual surgió por la necesidad de tener una herramienta de trabajo para la mantención de su familia, negocio el cual ha podido mantenerlo y prosperarlo con el financiamiento que fundación león 2000 le ha brindado. La inversión del préstamo será para la compra de pantalones, camisas, faldas, trajes, y ropa de cama entre otros.

Previous Loan Details

Señora Dolores Del Socorro has been selling clothes for 9 years, she has always known how to work and to to keep herself independent. The business was her own initiative, and with much effort and sacrifice she has managed to get ahead, because her mother taught her to live her life in the most h... More from Dolores 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
  • 148
    View loans »
    Nicaragua Loans Fundraising
  • $24,071,325
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $650 helped Dolores Del Socorro to buy clothes and bed linens, among others.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2012
Listed
May 31, 2012
Currency Exchange Loss:
Possible
Expired:
Jun 30, 2012