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Cruz Del Socorro

Update on Cruz Del Socorro

Cruz del Socorro, is single and has seven grown children. She grew up in the "departamento" of Leon in western Nicaragua. She is a hard-working, responsible woman who has repaid past loans on time and in accordance with all terms and conditions. She knows how to work hard because she's had to work hard all her life just to put food on the table. She had to leave school early because her family didn't have enough money for her to continue.
Cruz started her own pork- and milk-sales business 25 years ago, a business that she scraped together thanks to her great spirit and drive to get ahead. She operates the business in the town. She normally works 8 hours a day and says that she likes her work very much. She will use this loan to buy pigs that she will resell at a better price. She thinks the investment will help her to increase her income sooner rather than later. Cruz is grateful to Kiva lenders and says that their loans make it possible for people with few resources in poor countries like Nicaragua to make a decent living.
View original language description ↓
Cruz del Socorro, de 58 años de edad, soltera con siete hijos mayores de edad. Originaria de León, lugar que está ubicado en la zona de occidente del país. Cruz del Socorro se caracteriza por ser una persona trabajadora, responsable, en sus pagos, y lo ha demostrado en sus créditos anteriores en tiempo y forma. Ha sido una mujer muy luchadora la cual ha tenido que trabajar desde muy joven para ganarse el pan de cada día. Por falta de recursos económicos no pudo estudiar solamente la educación primaria.
Gracias a su espíritu de emprendedor y sus ganas de salir adelante, es que tiene por actividad económica la venta de cerdos y productos lácteos, desde hace 25 años. Negocio que lo tiene ubicado en un lugar especifico de su localidad. La rutina de Cruz es trabajar unas 8 horas diaria, ofreciendo sus productos. Actividad que la desempeña con mucho gusto. El objetivo del crédito es invertir en capital de trabajo y comprar un lote de cerdos el cual se lo están ofreciendo a un buen precio. Para que en un futuro no muy lejano obtener mejores ingresos. Cruz del Socorro agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Cruz Del Socorro has three adult children. She is and enterprising woman who has been selling dairy products for the last 23 years. She sells products like cheese, cream, butter, curd, milk, and other foods. Cruz has shown herself to be a responsible, hard-working person with a lot of business… More from Cruz 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
  • 59
    View loans »
    Nicaragua Loans Fundraising
  • $23,422,650
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Cruz Del Socorro to buy more pigs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2013
Listed
Feb 8, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013