Sandra Del Socorro
Update on Sandra Del SocorroSandra del Socorro is 57 years old. She is married and has 12 chidlren, aged 42, 40, 37, 36, 35, 33, 31, 29, 27, 25, 23, 19. she is from the departament of Chinandega. Her economic activity is a store where she sells general merchandise and nacatamales, sweet corn tamales, corn pancakes, and cooked sweet corn- all traditional food from our country. The business is practically a family business since some of her children work there. Together they have made this business a sustainable alternative of employment. The business is located in her house and she has street vendors. Sandra has 6 years experience. She learned the business on her own intitiative since they had no work and her husband didn't either. They decided to make nacatamales on the weekends and her husband sold them as a street vendor. Later they decided to do other commercial activities during the week, such as selling corn pancakes, cooked sweet corn, and sweet corn tamales. In this way, they expanded their business. Sandra has already taken out loans with the foundation and has shown herself to be responsible with making her payments on time. The purpose of the loan is to invest in buying corn to make the previously mentioned traditional foods and general merchandise such as clothes, cosmetics, and dairy products. Sandra is thankful for the help from the Kiva investors for small businesspeople with low income in poor countries such as Nicaragua.
Previous Loan DetailsSandra is dedicated to a small retail store. She started more than 8 years ago when she began the effort selling a few products. She also sells guirilas, a pancake made of corn, because she has always liked to be a hard worker and enjoys interacting with her different customers who arrive at her ... More from Sandra 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