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Maria Del Socorro

Update on Maria Del Socorro

María a modest woman, she is 59 years old and a Kiva client. She is shop-keeper; she runs a grocery store. She is grateful for the support she has been shown because, little by little, thanks to the financing she has obtained, she has been able grow as a businesswoman. Her first loan allowed her to add more inventory to her store; like basic grains, bread, eggs, canned goods and in this way she was able to offer a greater variety of products to her customers. She needs a second loan to invest in the same kind of goods: basic grains, bread, eggs, oil and vegetables. One of her goals is to obtain higher earnings so she can continue to invest in her business and keep business stable.
View original language description ↓
María una humilde señora de 59 años es cliente Kiva, de oficio comerciante, se dedica a una pulpería, esta agradecida por el apoyo brindado, porque poco a poco gracias al financiamiento obtenidos ha ido creciendo como comerciante, ya que con el primer préstamo pudo agregar más inventario a su pulpería como granos básicos, pan huevos, enlatados, ya que de esta manera ha podido ofrecer más variedad de productos a sus clientes.
Está requiriendo de su segundo financiamiento para invertir en lo mismo como granos básicos, pan, huevos, aceite, vegetales. Uno de sus propósitos es incrementar sus ganancias para seguir invirtiendo en su negocio para mantenerlo estable.

Previous Loan Details

María, 59, owns a grocery store in her house. She lives in Estelí. She got her experience in the business world more than 20 years ago. She saw the need in her community to set up a retail store to sell everything from food products to cleaning products. She and her husband work in the store ... More from Maria Del Socorro's previous loan »

Additional Information

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

  • $4,800
    Average annual income
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Maria Del Socorro purchase basic grains, bread, eggs, oil and vegetables.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2013
Listed
Jan 19, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013