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Maura

Update on Maura

Maura is single and at her age continues to work with enthusiasm at her business selling used clothing. She purchases the merchandise in Managua and sends it to the Atlantic coast of the country where her sisters do her the favor of selling her variety of products.

She is requesting this loan to purchase packs of sheets and shoes that her customers have ordered. She cannot pass up this opportunity to earn more income. She receives help from her brother, who lives outside the country, and from her children as well. This support will help pay for her loans.
View original language description ↓
Doña Maura, es soltera a su edad siempre continua con los mismos ánimos de trabajo, con su venta de ropa usada utilizando la dinámica que ella compra la mercadería en Managua y la manda a vender a la costa atlántica del país donde sus hermanas le hacen el favor de venderle sus productos variados. EL credito solicitado es para comprar paca de sabanas, de zapatos los cuales son pedidos que le hacen sus clientes, oportunidad que no puede dejar pasar para obtener más ingresos, ella cuenta con la ayuda de su hermano que vive en el exterior y la de sus hijos también, con ese apoyo paga sus préstamos.

Previous Loan Details

Maura continues with her commerce selling second-hand clothes and renting rooms where thanks to her profits and loans she’s managed to increase her investment and today she sells shoes, sandals and cosmetic; her sales have been well-received. With this new loan she will buy a bundle of… More from Maura's previous loan »

Additional Information

About AFODENIC

This loan is administered by AFODENIC, La Asociación para el Fomento al Desarrollo Nicaragua, a Kiva Field Partner based in Managua, Nicaragua. Founded in 1999, AFODENIC was created to promote the socio-economic and cultural development of sectors that are excluded from commercial banking. Integrating economic and human resources, AFODENIC offers affordable and adaptable financial services aimed at strengthening the family unit of their clients, who include students, producers, and micro- and small entrepreneurs from rural and urban areas. AFODENIC is a socially responsible institution engaged in society and making a positive impact on its professional partners and communities.

Supporting a borrower through AFODENIC contributes to the pursuit of innovation in mitigating poverty in Nicaragua. Visit AFODENIC’s partner page for more information.

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
  • 167
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 24.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Maura to purchase packs of sheets and shoes.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 7, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013