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Ivania Azucena

Update on Ivania Azucena

Ivania Azucena, 65, has five adult children and she runs a business selling general merchandise, including new clothing, gold and silver lamé items, shoes, etc. She works as a street peddlar in her town of Chinandega and has been in business several years, getting ahead little by little. She has always struggled hard to be able to provide her children with an education.

Ivania is requesting a loan to buy different clothing such as shoes, children's clothing, women's skirts, cosmetics, gold lamé, etc. She is very grateful for the support Kiva lenders give low-income communities.
View original language description ↓
Ivania Azucena a sus 65 años de edad con cinco hijos todos mayores de edad, ella es propietaria de un negocio ambulante de Mercadería en general ósea venta de ropa nueva, prendas de oro, plata, laminado, calzados entre otros, ella riega de manera ambulante sus clientes son habitantes de comarcas del municipio de Chinandega, negocio que posee desde hace varios años el cual poco a poco ha logrado salir adelante, ella siempre ha sido una mujer luchadora que ha logrado darles sus estudios a sus hijos, con mucho esfuerzo, Ivania esta solicitando financiamiento para la compra de diversas variedad de ropa como: zapatos, ropa de niño, damas, faldas, cosméticos , prendas de oro entre otros. Ella está muy agradecida con el apoyo que les han brindado los inversionistas Kivas a personas de bajos recursos económicos.

Previous Loan Details

Ivania Azucena sells general merchandise. All her life she has struggled to get ahead in life. With her husband she started a small business, through which she has generated income to support her family. Ivania has two grandchildren who are still in her care, and she has raised them. The loa... More from Ivania Azucena'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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 24.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Ivania Azucena to buy children's clothing, skirts, blouses, shoes, gold and silver lamés, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2013
Listed
Mar 5, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013