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Esperanza Del Socorro

Update on Esperanza Del Socorro

Esperanza del Socorro, 56 years old, is from the municipality of Leon, located in the west of the country. Esperanza has 4 children, all of them adult and economically independent. She sells plastic bags of all sizes and 'tiste', a Nicaraguan drink made from corn and cinnamon. Her business has operated out of her home for some 8 years now.

Esperanza began the business when she was unemployed and had to find a new way of life to continue struggling and working for her daily bread. She has worked with the Foundation previously and demonstrated her responsibility by making the required payments on time.

Esperanza needs financing to purchase supplies such as plastic bags at wholesale, plus corn, cinnamon, and firewood. She is grateful for the help offered by Kiva investors so that people with scarce resources in poor countries like Nicaragua can have their own source of work.
View original language description ↓
La Sra. Esperanza del Socorro de 56 anos de edad del municipio de León, lugar que esta ubicado en la zona de occidente del país. La Sra. Esperanza tiene 4 hijos todos mayores de edad e independiente económicamente. Ella tiene por actividad económica la venta de bolsas plásticas y tiste. Negocio que lo desempeña hace ocho anos. El negocio consiste en vender bolsas plásticas de todo tamaño y tiste que es una bebida típica de nuestro país elaborado a base de maíz y canela. El negocio lo tiene ubicado en su casa de habitación. El negocio lo inicio cuando quedo desempleada y tenia que buscar una forma de vida para seguir luchando y trabajando para el pan de cada día. Esperanza ya ha trabajado con fundación y ha demostrado ser responsable en sus pagos en tiempo y forma. El financiamiento lo necesita para comprar material de trabajo como bolsas plásticas al por mayor, y maíz, canela, leña. Esperanza agradece la ayuda que le brindan los inversionistas kiva a personas de escasos recursos y países pobre como es Nicaragua para tener una fuente de trabajo propia.

Previous Loan Details

Esperanza makes a living selling plastic bags and tiste, a popular regional drink. She has dedicated herself to this business for more than five years. She is a person with a lot of charisma who has shown herself to be very responsible. This is not her first loan request, and she feels very happy... More from Esperanza 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
  • 144
    View loans »
    Nicaragua Loans Fundraising
  • $24,094,200
    Funds lent in using Kiva
  • 23.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Esperanza Del Socorro to purchase ingredients to make powders used in local corn drinks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Oct 27, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013