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Ligia Del Socorro

Update on Ligia Del Socorro

Ligia del Socorro is 53 years old, and is single with two children still living with her. She is from Managua, located in the center of the country. Ligia is known for being a hard-working, responsible person, who seeks personal improvement. In her free time, she likes to relax by reading or watching television. Unfortunately, she could not study at university, instead having to work from a young age to help out with household expenses.

Thanks to her spirit and her will to succeed, she makes a living selling goods such as shoes for children and adults, sandals and body lotions. She sells these products from door to door, carrying a weight of 20kg on her head, offering her goods to regular and possible customers. The purpose of the loan is to invest in working capital and stock her business, so that in the not too distant future she can boost her profits. Ligia del Socorro is grateful for the help provided by Kiva lenders to people of limited means and poor countries such as Nicaragua so that they can have a dignified job.
View original language description ↓
Ligia del Socorro de 53 años de edad, soltero con dos hijos bajo su responsabilidad. Originario de Managua, lugar que está ubicado en la zona central de la región. Ligia se caracteriza por ser una persona, trabajadora, responsable con ganas de superación personal. En sus ratos libre le disfrutar de tiempo de calidad para ella, relajarse leyendo o viendo televisión. Lamentablemente no pudo cursar una carrera universitaria, y se vio obligada a trabajar desde temprana edad, para ayudar con los gastos de su hogar.

Gracias a su espíritu y sus ganas de salir adelante tiene por actividad económica la venta de mercadería como zapatos, de niños de adultos, sandalias, crema corporales. Actividad que la desempeña de forma ambulante, con un bulto den su cabeza de unos 20 kg ofreciendo su mercadería a clientes fijos y eventuales, el objetivo del crédito es invertir en capital de trabajo y surtir su negocio, para que en un futuro no muy lejano pueda obtener mejores ingresos. Ligia 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

Ligia de Socorro is 52, and from the municipality of Managua. She is single, and has three children. She has had her business for six years and sells general merchandise. At this time, she is requesting the loan in order to buy merchandise such as: shirts, pants, shorts, T-shirts, skirts, towe... More from Ligia 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

  • $4,800
    Average annual income
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,551,600
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Ligia Del Socorro to invest in working capital and stock her business with merchandize such as shoes for children and adults, sandals and body lotions.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2013
Listed
May 8, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Ligia Del Socorro. It was first posted on Kiva on Jul, 2012. Learn More