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Maria Del Socorro

Update on Maria Del Socorro

Maria's business is making and selling tortillas. The previous Kiva loan she received allowed her to buy raw materials to improve her tortilla production; and she is very grateful for that opportunity.

Now she wants to make more tortillas and plans to use a new loan to buy corn, firewood and lime wholesale. This is so she can get a better price on the raw materials and keep prices low for customers. She also wants to renovate her humble kitchen and improve her household income.
View original language description ↓
Maria de oficio comerciante se dedica a elaborar y vender tortillas, fue beneficiada con un crédito Kiva que le permitió comprar mentira prima para mejorar su producción de tortillas, está muy agradecida con la oportunidad que obtuvo.
Desea producir más tortillas y es por eso que usara el crédito para comprar maíz, leña y cal al por mayor pues así conseguirá un mejor precio por la materia prima y mantendrá los precios a su clientela. Además ir mejorando su humilde cocina y los ingresos para su hogar.

Previous Loan Details

María, a simple and humble woman who works in trade, makes and sells tortillas. She lives in the city of Granada, is married and has 5 children. Because of her husband’s low wages and the shortage of employment, she looked for a way in which she could generate some income to pay for her household... More from Maria Del Socorro's previous loan »

Additional Information

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
  • 132
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $375 helped Maria Del Socorro to buy corn, firewood and lime.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
Jun 5, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Maria Del Socorro. It was first posted on Kiva on Feb, 2012. Learn More