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Marcia Del Socorro

Update on Marcia Del Socorro

Marcia Del Socorro is 45 years old. She is married with two adult children, 24 and 20 years old and independent. Originally from Chichigalpa, she is the owner of a business that sells basic grains in the central market of this city. She makes her purchases in cash at distributors in wholesale, and also at threshers and/or hullers. She makes her sales in cash and in the harvest season, she provides her goods in cash and credit to regular and occasional customers. She recently acquired another place to expand her business.

She tells us that thanks to the support, she has managed to increase her business more and therefore offer better products to her customers. She is requesting funding to buy basic grains, like rice, sugar, corn, beans, and oil, and soap, among others.
View original language description ↓
Marcia Del Socorro 45 años de edad, casada con dos hijos ambos mayores de edad 24 y 20años son independientes, originaria de Chichigalpa, ella es propietaria de un negocio de venta de granos básicos en el mercado central de esta ciudad, las compras las realiza al contado en distribuidoras al por mayor, así también en trilladoras y/o desgranadoras, las ventas las realiza al contado y en temporadas de zafra ella ofrece al contado y al crédito a clientes fijos y eventuales, ella hace poco adquiere un lugar más para ampliar su negocio, ella nos expresa que gracias al apoyo ha logrado aumentar más su negocio y así ofrecerle mejores productos a sus clientes. Ella nos está solicitando financiamiento para la compra de granos básicos como arroz, azúcar, Maíz, Frijoles, Aceite, Jabón, entre otros.

Previous Loan Details

Marcia Del Socorro runs a general store out of her home where she receives customers offering them a variety of products. This entrepreneur has received financial support for her business enabling her to buy products for her store. She is very grateful for this help because she has increased th... More from Marcia 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
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,046,775
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Marcia Del Socorro to invest more in her work capital, and therefore offer a large variety of products to her customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Jan 5, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2014