Omara Del Socorro
Update on Omara Del SocorroOmara del Socorro, 27, is married with one son. She is from Managua, which is located in the central part of the country. In her free time, she likes to enjoy quality time with her family, preparing a typical meal such as "indio viejo" (a corn-based stew). Unfortunately, she was not able to go to college, but she would have liked to study business administration.
Thanks to her effort and her desire to succeed, she has a business selling piñatas and children's party supplies such as plates, glasses, disposable silverware, candles, confetti, balloons, thermoses with straws, plastic chairs and tables. She dedicates about 10 hours per day to her business, which is located in a market in her town.
She will use this loan to invest in working capital and stock her business by buying children's party supplies, so that in the not-so-distant future she can obtain a better income. Omara del Socorro is grateful for the help which Kiva lenders offer to people with limited resources in poor countries such as Nicaragua, so that they can have a decent livelihood.
Gracias a su esfuerzo y sus ganas de salir adelante tiene por actividad económica la venta de productos de piñatas y fiestas infantiles. Como piñatas, platos vasos, cubiertos descartables, candelas, papelillos, globos, termos con pajillas, sillas platicas, mesas, ella dedica a su negocio unas 10 horas diarias ofreciendo sus productos, el cual lo tiene ubicado en unos de los mercado de la localidad. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de artículos de fiestas infantiles. Para que en un futuro no muy lejano pueda obtener mejores ingresos. Omara 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 DetailsOmara del Socorro is 27 years old and married with one son who is one year old. She is from the department of Managua, a place that is located in the central part of the country. She is characterized as being sociable, hardworking and eager for personal improvement. Unfortunately, due to a lack… More from Omara 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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Apr 5, 2013
- May 2, 2013
- Currency Exchange Loss:
- Aug 18, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.