Yadira Del Socorro
Update on Yadira Del SocorroYadira del Socorro has four grown children and is from one of the towns in the Chinandega region located in the western part of the country. She is a micro entrepreneur who buys and sells general merchandise such as: various styles of new clothing, shoes, cosmetics, plastic products, and knick-knacks to order. She buys her merchandise for cash at markets in other areas of the country. Her sales are for cash and credit to steady and occasional customers by orders that she takes going door-to-door. She begins her workday very early, delivering her products and trying to get new customers.
The purpose of this loan is for working capital so she can buy different styles of new clothing for children and adults, trousers, cosmetics, shoes, and decorations, among other things, because demand is greater at this December holiday time. Yadira is very grateful for the support that Kiva investors provide to people of limited financial resources.
Previous Loan DetailsYadira del Socorro, 43, is a single mother with four children who are 26, 25, 23 and 18 years old; only the 18-year-old is still in her care. Yadira is from the town of Chichigalpa in Chinandega Department a place located in the west of the country. This zone is noted for producing sugarcane and… More from Yadira 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