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Socorro De Los Santos

Update on Socorro De Los Santos

Socorro de los Santos makes her living selling general merchandise. She has run this business for the past eight years. She started the business out necessity, in order to have a means of employment to help with her home expenses. She has always been known as a responsible person and one who has gotten ahead in life with the help of this financing. The loan is to buy pants, blouses, skirts, school supplies, and men's and women's undergarments. She feels grateful for the support that the foundation has offered her during all this time.
View original language description ↓
La señora Socorro de los Santos se dedica a la venta de mercadería en general. Hace 8 años que tiene este negocio, el cual surgió como una necesidad de tener una herramienta de trabajo para ayudar con los gastos de su hogar siempre se ha caracterizado por ser una persona responsable y que ha salido adelante con estos financiamientos. El crédito es para la compra de Pantalones, camisas, faldas, útiles escolares y ropa interior para hombre y mujer. Ella se siente muy agradecida por el apoyo que le ha ofrecido todo este tiempo fundación.

Previous Loan Details

Socorro De Los Santos has a business selling general merchandise. She has been doing this for over 15 years. Her desire to get ahead in life and her enthusiasm to earn a livelihood have made Socorro keep going with this active business. She is also always providing her customers with products… More from Socorro De Los Santos'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
  • 166
    View loans »
    Nicaragua Loans Fundraising
  • $23,234,200
    Funds lent in using Kiva
  • 23.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Socorro De Los Santos to buy pants, blouses, skirts, school supplies, and men's and women's undergarments.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2012
Listed
Jun 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013
This photo was used before for a previous loan for Socorro De Los Santos. It was first posted on Kiva on Aug, 2011. Learn More