Sonia Del Socorro
Update on Sonia Del SocorroSonia del Socorro, 61, is a single mother of six children, all independent adults now. Sonia is from the town of Corinto, a place located in the northern part of the country. Corinto is noted for being a fishing zone with ports; its main economic activity is fishing.
Sonia’s economic activities are selling nacatamales: very delicious, traditional tamales from Nicaragua made from pork and corn. She has 35 years’ experience in the business; she’s always been noted for being very hardworking and responsible. Her family obligation is a bit lighter now because her children all work but when she was younger she had to struggle mightily as a single mother to raise her children.
Her business is located at home and she sells from place to place too. Sonia del Socorro has had previous loans with the Fundación and has been responsible making her payments on time and as required. They have helped her to stay in business investing in working capital. She intends to use the financing to buy pigs and quintals of corn to make her nacatamales. Sonia is grateful for the support Kiva lenders provide small merchants of limited resources and to poor countries like Nicaragua so that they can have dignified ways to earn a living.
Previous Loan DetailsSonia sells nacatamales (large Nicaraguan tamales) and tamales. She started more than 20 years ago, and it hasn’t been easy. This is not the first time she has received loans, which have been a great help to her business. She began with the help of her mother, who taught her this livelihood that ... More from Sonia 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