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Felicita Del Socorro

Update on Felicita Del Socorro

Felicita del Socorro is 51 years old. She is a single mother with four children. She is from León, which is located on the western side of the country. She is characterized as being a hard-working, responsible woman who strives for personal improvement. In her free time she enjoys spending time with her family. Unfortunately, she was never able to complete a university degree as she felt obligated to work from an early age to help with household expenses.

Thanks to her efforts and her desire to get ahead, she has been able to maintain, as her main economic activity, a small grocery store where she sells small quantities of food products such as rice, beans, sugar, milk, bread, and eggs, and also sells detergent, oil, juice, soft drinks, and matches. She works in her shop for 12 hours a day. She would like to use the loan to invest in working capital to supply her business in the buying and selling of food products so that in the near future she will be able to obtain higher profits. Felicita is thankful for the help that the Kiva lenders give to people with scarce resources and poor countries such as Nicaragua to have a decent working environment.
View original language description ↓

Felicita del Socorro de cincuenta y un años de edad. Madre soltera con cuatro hijos. Ella es originaria de León, lugar que está ubicado en la zona de occidente del país. Ella se caracteriza por ser una mujer trabajadora, responsable, con ganas de superación personal. En sus ratos libre le gusta disfruta de su familia, lamentablemente no pudo cursar una carrera universitaria y se vio obligad a trabajar desde temprana edad para ayudar con los gastos del hogar.

Gracia a sus esfuerzo y sus ganas de Salir adelante tiene por actividad económica una pulpería es una pequeña tienda que vende productos comestibles, y en cantidades pequeñas como arroz, frijoles, azúcar, leche, pan, huevos, detergente, aceite, jugos, gaseosas, fósforos. Ella dedica a su negocio unas 12 horas diarias ofreciendo sus productos. El objetivo del crédito es invertir en capital de trabajo y surtir su negocio en la compra y venta de productos comestibles para que en un futuro no muy lejano pueda obtener mejores ingresos. Felicita agradece la ayuda que los inversionistas kiva le brindan a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Felicita del Socorro is married and has four children one of which is a minor attending school and still in her care. Felicita has had her grocery store for 13 years. She sells basic staple items like rice, beans, sugar, salt, cheese, curd, eggs, fresh milk, vegetables, tiste [corn meal and c... More from Felicita Del Socorro's previous loan »

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).

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

  • $3,636
    Average annual income
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $23,659,150
    Funds lent in using Kiva
  • 25.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Felicita Del Socorro to invest in working capital and supply her business in the buying and sales of food products such as rice, beans, sugar, milk, bread, and eggs, detergent, oil, juice, soft drinks, and matches.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2013
Listed
Aug 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014
This photo was used before for a previous loan for Felicita Del Socorro. It was first posted on Kiva on Aug, 2012. Learn More