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Fabricio Del Socorro

Update on Fabricio Del Socorro

Fabricio Del Socorro has a grocery store. He has already taken loans from Fundación León 2000 over a number of cycles in which he has demonstrated himself to be a person with good values and an excellent credit history. This entrepreneur tells us that with the loans, he has increased his inventory and also his customer base. He is now requesting a loan to invest again in his business, by purchasing staple grains, soap, detergent, shampoo, eggs, bread, and other products.
View original language description ↓
Fabricio Del Socorro su actividad económica a la que se dedica es a una pulpería, él ya ha tenido crédito con Fundación León 2000, en varios ciclos en el cual ha demostrado ser una personas con buenos valores y con un record crediticio excelente, nos cuenta el emprendedor que con el financiamiento ha aumentado su inventario y sus clientes de igual manera. Este emprendedor actualmente está solicitando financiamiento para invertir nuevamente en el negocio en la compra de granos básicos, jabón, detergente, shampoo, huevos, pan entre otros.

Previous Loan Details

Fabricio is 24 years old, married, and has a child for which he is responsible. His business is a general store, located in his home. He has had the business for 2 years. The store provides support for the house and his family, but doesn’t bring in enough to support his home. The business sta... More from Fabricio 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

  • $4,800
    Average annual income
  • 40
    View loans »
    Nicaragua Loans Fundraising
  • $26,385,025
    Funds lent in using Kiva
  • 23.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Fabricio Del Socorro to buy staple grains, soap, detergent, shampoo, eggs, bread, and other products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 10, 2012
Feb 11, 2012
Currency Exchange Loss:
Feb 15, 2013