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Maxima Audely

Update on Maxima Audely

Máxima Audely is 45 years old. Her work is selling general merchandise. She has had this business for more than 13 years. Every day she faces different challenges, but this does not discourage her from moving forward with her business. Most of her customers are constantly asking her for variety in her products, and it is thanks to the loans that she has been able to satisfy them. For the same reason, she is requesting this loan, to buy shoes, purses, perfumes, and clothing in general, among other items.
View original language description ↓
Máxima Audely tiene 45 años, su actividad es la venta de mercadería en general. Hace más de 13 años que tiene este negocio, todos los días enfrenta retos diferentes, esto no la desanima para salir adelante con su negocio. La mayoría de sus clientes siempre le están solicitando variedad en sus productos, y es por medio de los financiamientos que ella ha podido realizarlos. Es por eso que solicita este crédito para la compra de calzado, bolsos, perfumes, ropa en general, entre otros.

Previous Loan Details

Maxima Audely is a 44 year old single mother. Her form of income is by selling various products; an occupation she has been dedicated to for more than 10 years. Not only does she sell clothes but she also sells food. She is a fighter and has always enjoyed business innovation which has turned ... More from Maxima Audely'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

  • $3,636
    Average annual income
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $23,818,050
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Maxima Audely to buy shoes, purses, perfumes, and clothing in general, among other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2011
Listed
Sep 25, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012