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Máximo
With 21,000 pesos Máximo will be able to buy merchandise to restock his business. Máximo has been selling fruit for 11 years. He supports his family with the income generated every day from this business.

Nevertheless, he has noticed that his business has been affected in the past months. This is because his wife became severely ill a few months ago. He had to take his work capital to pay for his wife’s medications. He even had to turn to loan sharks.

With this loan Máximo wishes to stabilize and recapitalize his business. The weekly interest payments to the loan sharks have been an impediment, even to supporting his household.

Máximo is married and has three children, ages 13, 12, and 8. The children go to school.

His greatest wish is to establish his own food, fruit, and vegetable store.
View original language description ↓
Con 21,000 pesos Máximo podrá comprar mercancía para reabastecer su negocio. Máximo ha estado vendiendo frutas desde hace 11 años. Con los ingresos generados por este negocio cada día sustenta a su familia. Sin embargo su negocio se ha visto afecado en los los últimos meses, ya que hace varios meses su esposa enfermó severamente y tuvo que tomar su capital de trabajo para pagar los medicamentos de su esposa e incluso tuvo que recurrir a los loan sharks. Con este préstamo Máximo desea estabilizarse y recapitalizar su negocio, ya que los intereses semanales pagados a los loan sharks le estaban impidiendo incluso llevar el sustento a su casa.
Máximo es casado y tiene tres hijos de 13, 12 y ocho años que están en la escuela. Su mayor deseo es instalar su propia tienda de venta de alimentos, frutas y vegetales.

About Dominican Republic

  • $7,611
    Average annual income
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $7,927,450
    Funds lent in using Kiva
  • 39.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Máximo to buy merchandise to restock his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2012
Listed
Jun 27, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 26, 2013