Ernestina Del Socorro
Update on Ernestina Del SocorroErnestina is a 52 year old woman and has three children who are 24, 22, and 16 years old. Of her children, only her 16 year old son is still under her care and he studies in the secondary school. Ernestina has had to fight day by day to get ahead with her children. She is from the municipality of Chichigalpa, located in the western part of the country. It is an area known as a sugarcane zone for its sugarcane refineries. She has had a grocery store for many years where she sells products such as rice and sugar by the pound, oil by the quart, bread, cow milk by liter, little bags of shampoo, and other items. She began this business when her deceased husband became ill, and she started it with her own money to improve the household earnings and to help with her husband's medical expenses. She needs the loan to stock her small business and invest in products of daily use.
Previous Loan DetailsErnestina Del Socorro is 49 years old. She is a single mother and has one son, who is an adult. Ernestina runs a small grocery store, and has worked hard to make it better every day. The store is located in her humble home. She began this business 10 years ago, looking for alternative sources… More from Ernestina Del Socorro's previous loan »
Fundación Leon 2000This 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.
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Success!! The loan was 100% repaid