Sandra Del Socorro
Update on Sandra Del SocorroSandra del Socorro, 45, is married with grown children who are financially independent. She is originally from Leon, in the western part of the country. Sandra is hardworking, responsible and has a desire for personal growth. She has had to fight hard in life to survive in the face of many adversities.
Thanks to her spirit and her desire to get ahead, she sells rewritable CDs and DVDs. She has been doing this for 8 years in her town. She spends around 10 hours on her business.
The goal of the loan is to invest in the purchase of CDs and DVDs that are at a special price in order to later sell them. This will give her more income in the near future. Sandra is grateful for the Kiva investors that give to people with limited resources and poor countries like Nicaragua, so that they can have honorable work.
Gracias a su espíritu y sus ganas de salir adelante tiene por actividad económica la venta de CD Y DVD regrabables. Actividad que la desempeña desde hace 8 años en un lugar específico de su localidad. Ella dedica a su negocio aproximadamente unas 10 horas. El objetivo del crédito es invertir en la compra de CD Y DVD que se lo están ofreciendo a precio especial para luego poder comercializarlo. Para que en un futuro no muy lejano pueda obtener mejores ingresos. Sandra 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 DetailsSandra del Socorro is 43 years old. She sells CDs / DVDs. Since she was very young, she has always sought ways of increasing her income, and this is therefore not the first time that raising finance has been important to the development of her business. She is motivated every day by the desire to... More from Sandra 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