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Ruth Del Socorro

Update on Ruth Del Socorro

Ruth del Socorro is a 32-year-old single mother with two children, ages 14 and 17. She is originally from the department of León, which is located in the west of the country. León is known for being a tourist area, a calm city with very friendly people. Ruth has made a living selling general merchandise for the past 10 years. Currently, the challenge and problem of her business is the lack of capital to invest in the business. Her business consists of selling various clothing items, such as cosmetics, pants, dresses, shorts, skirts, shirts, and underwear. In the photo, we can see Ruth with one of the types of products she offers, cosmetics.

Ruth del Socorro's daily routine is to go out and sell merchandise on the street for about 10 hours every day in order to reach both fixed and potential clients. She started her business due to a need for income to survive with her small children. Ruth has already worked with the foundation, and she has proved herself to be responsible by making her payments on time and in the right amounts. Ruth del Socorro is grateful for the help which Kiva investors give to people with limited resources, in order for them to have a decent livelihood in a country which sorely lacks job opportunities.
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Ruth del Socorro de 32 años de edad, Madre soltera con dos hijos menores de edad de 17,14, años. Originaria del departamento de León, lugar que está ubicado en la zona de occidente del país, lugar que se caracteriza por ser una zona turística, una ciudad tranquila con gente muy acogedora. Ruth tiene por actividad económica la venta de mercadería en general, desde hace 10 años que desempeña dicha actividad. En la actualidad los desafíos y problemas que presenta en el negocio es la falta de capital para invertir al negocio. Su negocio consiste en vender ropa variada como cosmeticos pantalones, vestidos, short, faldas, blusas, ropa interior. en la foto observamos a Ruh con unos de los productos que ofrece que son cosmeticos. La rutina diaria de Ruth del socorro es salir a vender a las calle de forma ambulante unas 10 horas diarias para colocar sus mercadería a clientes fijos y eventuales. El negocio surgió por la necesidad de tener unos ingresos para poder subsistir con sus pequeños hijos. Ruth ya ha trabajado con fundación y ha demostrado ser responsable en sus pagos en tiempo y forma. Ruth del Socorro agradece la ayuda que le brindan los inversionistas kiva a personas de escasos recurso para tener un medio de trabajo digno. En un país con tantas carencia de fuentes de trabajo.

Previous Loan Details

Sra. Ruth Del Socorro, 30, has two children. She works as a street vendor, selling general merchandise to the customers she finds. She will use this loan to buy curtains, sheets, footwear and cosmetics. She has operated the business for some time. She is happy with the business and it's becom... More from Ruth 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
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,054,525
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD
Expired
A loan of $1,275 helped Ruth Del Socorro to invest in working capital and stock her business with merchandise such as cosmetics, pants, dresses, shorts, skirts, shirts, and underwear.
Repayment Term
24 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2012
Listed
Oct 13, 2012
Currency Exchange Loss:
Possible
Expired:
Nov 12, 2012