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Ivania Azucena

Update on Ivania Azucena

Ivania Azucena is an older adult. She is married and has five children. She is a native of one of the towns of Chinandega, an area dominated by commerce, tourism, and the delicious doughnuts. Ivania is a micro-entrepreneur who works as a street vendor in the business of buying and selling merchandise in general, such as various styles of clothing, for children as well as for adults, shoes, accessories, and cosmetics, among other items. She sells her products to her regular and occasional customers for cash and on credit. She collects weekly and biweekly. She has already had this business for a number of years, and it has allowed her and her children to advance. She is characterized as being a very entrepreneurial woman with the desire for personal achievement. The purpose of this loan is to invest in working capital, since the Christmas season is near and her orders have increased more than expected. Therefore she needs to buy clothing, shoes, and cosmetics, among other items. Ivania is very grateful for the help that the Kiva lenders offer to people of low economic resources.
View original language description ↓
Ivania Azucena, mayor de edad casada con cinco hijos, originaria de uno de los municipios de Chinandega, zona donde predomina el comercio, turismo, y las deliciosas rosquillas, Ivania es una microempresaria que se destaca de forma ambulante en el negocio de las compra y ventas de mercadería en general como: Variedades estilos de ropa tanto para niños como adultos, zapatos, prendas, cosméticos entre otros, sus productos los vende de forma contado y al crédito a clientes fijos y eventuales, los cuales recupera semanal y quincenal, negocio el cual ya son varios años de tenerlo y que le ha permitido salir adelante a ella y a sus hijos, se caracteriza por ser una mujer muy emprendedora con deseos de superación personal, el objetivo de este crédito es para invertir en capital de trabajo como están próximas las navidades sus pedidos han incrementado mas de lo previsto, por lo tanto necesita para comprar ropa, zapatos, cosméticos entre otros, Ivania agradece mucho la ayuda que los inversionistas kivas les ofrece a personas de bajos recursos económicos.

Previous Loan Details

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 ha... 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

  • $3,636
    Average annual income
  • 152
    View loans »
    Nicaragua Loans Fundraising
  • $24,077,475
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Ivania Azucena to buy merchandise in general.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2013
Listed
Nov 23, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014