Check out some available loans that are similar to this one!
Mercedes Del Socorrro

Update on Mercedes Del Socorrro

Mercedes del Socorro sells natural medicinal products. She has been in this business for more than seven years. Mercedes started this business because she needed a means of generating income for her household and for supporting her two children. She has the responsibility of working every day because she knows that she must provide for her family's daily needs. One of her greatest challenges is time since she must stop everything she is doing at home in order to go out and sell her products.


The loan she is requesting will be used to buy supplements, powders, pills, vitamins, herbs, and other Omnilife products.

View original language description ↓
Mercedes del Socorro se dedica a ofrecer productos de medicinas naturales. Tiene más de7 años en su negocio, por lo que sus inicios se dan porque Mercedes necesitaba un medio de ingreso para su hogar y mantener a sus dos hijos. Ella tiene la responsabilidad de trabajar todos los días pues sabe que tiene que llevar el pan de cada día a su familia. Uno de sus mayores desafíos es el tiempo, por lo que tiene que dejar todas las cosas elaboradas en su hogar y salir a vender sus productos. Este crédito que solicita es para la compra de suplementos, polvos, pastillas, vitaminas, hierbas entre otros productos omnilife.

Previous Loan Details

Mercedes del Socorrow sells natural medicinal products and has been in business for over 6 years. Mercedes got her start because she needed a source of income to support her two children. She has the responsibility of working every day, as she knows she needs to provide her family with their dail... More from Mercedes Del Socorrro'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
  • 83
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 23.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Mercedes Del Socorrro to buy supplements, powders, pills, vitamins, herbs, and other Omnilife products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2012
Listed
Jun 5, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 21, 2013
This photo was used before for a previous loan for Mercedes Del Socorrro. It was first posted on Kiva on Mar, 2011. Learn More