Update on SocorroDoña Socorro is 67 years old and lives with her husband and son in her own home. She has a store where she sells basic needs items, beans, milk, eggs, bread, and other items. She has had her business for many years and this has given her sales experience that allows her to have the best profits. Her store is located in her home in a high traffic area, she has many customers as she has a well-stocked store. Her customers prefer her store and they keep her ahead of the competition because she always has quality products at accessible prices and unequal service according to her customer's needs. As all good businessmen she wants to grow her business and make a new investment but she needs capital so she asked INTEGRAL for a loan that will allow her to buy basic grains, candy, eggs, bread, beverages, etc. Doña Socorro has good payment references and assures that she will comply with the loan, and is confident that she will be able to give her family a better quality of life.
Previous Loan DetailsSocorro lives with her son, who goes to school. They live in a very busy part of town, where she has a tortillería (a place where she makes and sells tortillas) and a small grocery store. Socorro and her son live on the money she makes from these enterprises. She has built up a great customer bas... More from Socorro's previous loan »
About Apoyo IntegralApoyo Integral (Apoyo) is a nonprofit organization offering financial products that enable clients to increase their working capital, purchase fixed assets, buy and remodel homes, expand agricultural business and more. The organization’s target group is businessmen and women who have already established their businesses but need financial support to strengthen or expand them.
Like Kiva, Apoyo is committed to empowering women involved in business activities in rural areas. Kiva lenders’ funds will be used to expand these services to an even greater number of poor clients in rural areas.
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 El Salvador
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Success!! The loan was 100% repaid