Dolores Del Socorro
Update on Dolores Del SocorroDolores is an adult woman, married with one 18 month-old daughter who is in her care. She is a teacher and active employee of the Ministry of Education. She began her business when she was in school to help with the cost of her studies and in this manner she succeeded in completing them.
Since that time she has made a living selling a variety of merchandise including clothing, shoes and cosmetics. She purchases supplies in Chinandega, buying in cash, and selling on foot for cash and on credit. She is requesting a loan for working capital for her business, now that she needs to invest more in her business to satisfy the demand of her customers, improve her income and have a better quality of life.
Dolores appreciates the support that the Kiva investors offer to people of low economic means.
Previous Loan DetailsSeñora Dolores Del Socorro has been selling clothes for 9 years, she has always known how to work and to to keep herself independent. The business was her own initiative, and with much effort and sacrifice she has managed to get ahead, because her mother taught her to live her life in the most h... More from Dolores 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