Ana Del Socorro
Update on Ana Del SocorroAna Del Socorro is 55 years old and single with three children, who are 17, 25, and 27 years old. Only the youngest is going to school. She works selling merchandise like children's clothing, other clothing items, low-cost products, cosmetics, etc. She makes her purchases in Honduras and El Salvador and sells to different merchants. She has regular and occasional customers. She sells on credit and gets paid back weekly or biweekly.
She is very grateful for the support Kiva investors offer for people to get ahead and make a decent living. She will use this loan to invest in working capital and stock her business by purchasing merchandise such as clothing for children and adults, pants, shirts, dresses, and other items so that she can meet her customers' needs.
Previous Loan DetailsAna Del Socorro is 54 years old. Her husband helps her with her business selling general merchandise. She has two children but only one is in her care. She started working 36 years ago as a saleswoman on a stall in the market. In this way, she managed to make her own income, continually impro... More from Ana 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