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Margelis Del Socorro
Margelis del Socorro, age 30, is from Chinandega. She is married and has two minor children. Both children go to school and are under her care.

Eleven years ago she undertook the idea of setting up sales at her house. She did this to get family income and to give her two children the support and education that they need. She started out with a small sales business.

It is now a grocery store selling a variety of basic food products for family consumption. She also sells general merchandise like clothes, shoes, slippers, and cosmetics. She makes her purchases with cash, and she sells for cash and also on credit.

She has decided to request this loan for working capital. She wishes to invest more in both businesses in order to make them larger and to generate greater profits.
View original language description ↓
Margelis del Socorro de 30 años de edad, oriinaria de Chinandega, casada, con dos hijos menores de edad, ambos están estudiando y que están a su cargo, ella desde hace once años emprendio la idea de instalar una venta en su casa donde habita, para la obtención de un ingreso familiar, y poder darles la manutención y educación necesaria a sus dos hijos, empezó con una pequeña venta, donde actualmente ya es una pulperia ofreciendo variedades de productos alimenticios básicos, para para el consumo de las familias, donde también ofrece mercadería general como es: ropa, calzado, chinelas, cosméticos, ella realiza sus compras de contado y vende de contado y también da crédito, ha decidido solicitar este préstamo, para capital de trabajo, ya que desea invertir mas en ambos negocios, para agrandarlo y generar mayores utilidades.

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).

About Nicaragua

  • $3,636
    Average annual income
  • 150
    View loans »
    Nicaragua Loans Fundraising
  • $24,071,325
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Margelis Del Socorro to buy more merchandise for her grocery store and her general merchandise sales.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2013
Listed
May 8, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014