Ligia Del Socorro
Update on Ligia Del SocorroLigia 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.
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 DetailsLigia 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 »
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
- 14 months (Additional Information)
- Repayment Schedule
- Apr 23, 2013
- May 8, 2013
- Currency Exchange Loss:
- Apr 16, 2014
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.