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Mercedes Del Socorro

Update on Mercedes Del Socorro

Mercedes del Socorro is married and has 2 grown children. She lives in the City of Chinandega. She is a hardworking woman who strives for personal success. She has a business selling general merchandise, such as clothing, in a variety of styles for adults and children, and she also sells a variety of styles of shoes. Also, on the weekends she sells chicken soup with meatballs, beef, and tripe. She's had this business now for a number of years. She sells her products from place to place and from her home. She has regular and occasional customers to whom she offers her products for cash or credit, collecting on a weekly basis.

Mercedes' goal with this loan is to invest more in her business, since with the good service and variety of products she offers, her customer base is growing and there is more demand for her business. Mercedes thanks the Kiva lenders for the help that they are providing to low-income people in poor countries such as Nicaragua, so that they can have a decent means of work.
View original language description ↓
Mercedes del socorro mayor de edad casada con dos hijos mayores de edad del domicilio de Chinandega es una mujer trabajadora, luchadora con deseos de superación personal, se dedica a la venta de mercaderia en general como: variedades estilos de ropa para adultos y niños, diversos estilos de calzados al igual que los fines de semana ella vende sopa de gallina con albóndigas, Res y mondongo, ya son varios años de dedicarse a este negocio su negocio lo tiene de forma ambulante y domiciliar los cuales ella tiene clientes fijos y eventuales a los que les ofrece crédito al contado y al crédito recuperando semanal lo invertido, el objetivo de este crédito es para invertir mas en su negocio debido a que por la buena atención y variedades de productos que ofrece sus clientes los cuales ha crecido y tiene mayor demanda. Mercedes agradece la ayuda que le brindan los inversionistas kiva a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Mercedes del Socorro is 45 years old, married and has two children who are 24 and 26 years old and economically independent. She is from the city of Chinandega. She sells merchandise, generally new and used, and recycled material like clothes and shoes. She has an experience of 15 years in wh... More from Mercedes 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.

Tags

About Nicaragua

  • $4,800
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Mercedes Del Socorro to buy general merchandise such as clothing and cosmetics, and to buy products to make delicious soups.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2013
Listed
Oct 20, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014