Yadira Del Socorro
Update on Yadira Del SocorroYadira del Socorro, 43, is a single mother with four children who are 26, 25, 23 and 18 years old; only the 18-year-old is still in her care. Yadira is from the town of Chichigalpa in Chinandega Department a place located in the west of the country. This zone is noted for producing sugarcane and for having very honest, hardworking residents.
Yadira’s business is selling general merchandise like new clothes, cosmetics, decorations and underwear. Yadira started the business nine years ago. She sells from place to place and at home because she needs to increase income and move her children forward.
She has collaborated with Fundación León 2000 and has had good, punctual repayment behavior. This loan’s objective is to invest in working capital to improve her income and provide better living conditions for her children. She will use the loan to buy children’s clothes, clothes for adults, cosmetics like lipstick, blush, eyeliner and eye shadow.
In the photo, Yadira appears with some of the products she sells to customers. Yadira is grateful for the support Kiva lenders provide to people of limited resources and poor countries like Nicaragua.
Previous Loan DetailsYadira has had a business selling general merchandise for over 8 years. The experience she’s acquired in business has been reassuring. Most of her customers always request a wide variety of merchandise from her. She has four children but only one is still dependent on her. She’s always been… More from Yadira 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