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Carmen Magdalena
Small businesswoman Carmen Magdalena M. W. is 61 years old, and is a single mother of Creole ethnicity. She has two grown children who have their own homes. Señora M. has sold fried foods and other dishes that are typical of the region such as mixed seafood soup and rondón (a dish made with coconut, yucca root, taro root, and other products) for over 10 years. She carries out this activity 2 or 3 times per week, and is visited by the inhabitants of black neighborhoods of this city who come to buy her meals and take them in containers to their houses. One day she will offer the mixed seafood soup, and the other day the rondón.

Señora M. was already the beneficiary of a Kiva loan which she paid off on time, and she wants to take this opportunity to thank the lenders who made her this loan. At the same time she requests additional funding in order to purchase the following products: 80 pounds of chicken that costs US$ 1.90 per pound, 55 coconuts that cost US$ 0.60 each, 80 pounds of beef that costs US$ 2.00 per pound, 50 pounds of fish that costs US$2.00 per pound, 30 pounds of shrimp that costs US$5.50 per pound, 100 pounds of American rice that costs US$ 45.00, 100 pounds of sugar that costs US$35.00, 35 bags of coal that costs US$ 5.00 per bag, a drum of cooking oil that costs US$ 35.00, 80 pounds of taro root that costs US$ 0.40 per pound, 100 bananas that cost US$ 0.40 per banana, and 80 pounds of yucca root that costs US$ 0.35 per pound.

View original language description ↓
La microempresaria Carmen Magdalena M. W. tiene 61 años de edad, es madre soltera de la etnia creole tiene dos hijos adultos los cuales ya tiene formados su propio hogar, la señora M. se dedica desde hace mas de 10 años a vender fritos y principalmente comidas típicas de la región como es el caso de la sopa mixta de mariscos como el rondón (comida hecha a base de coco, yuca, quequisques y otros productos).

Esta actividad la realiza dos o tres veces a la semana y es visitada por habitantes de barrios negros de esta ciudad quienes llegan a comprar sus comidas y se las llevan empacadas a sus casas. En la venta de estos productos ofrece un día la sopa mixta y otro día el rondón.

La señora M. ya fue beneficiada con un crédito de kiva y aprovecha para agradecer a los prestamistas que hicieron realidad este préstamo el cual lo pago en tiempo y forma y a la vez solicita se le financie para comprar los siguientes productos:

80 libras de Pollo le cuesta a US 1.90 cada libra, 55 unidades de cocos le cuesta a US 0.60 cada coco, 80 libras de carne de res le cuesta a US 2.00 cada libra, 50 libras de pescado le cuesta a US 2.00 cada libra, 30 libras de camarón le cuesta a US 5.50 cada libra, 1 quintal de arroz americano le cuesta a US 45.00 cada quintal, 1 quintal de azúcar le cuesta a US 35.00 cada quintal, 35 sacos de carbón le cuesta a US 5.00 cada saco, 1 bidón de aceite le cuesta a US 35.00 cada bidón, 80 libras de quequisque le cuesta a US 0.40 cada libra, 100 unidades de plátanos le cuesta a US 0.40 cada plátano y 80 libras de yuca le cuesta a US 0.35 cada libra.

Additional Information

Important Information

Please note that Kiva considers loans from this Field Partner, ADEPHCA, to be particularly high risk. This organization is very small and started working with Kiva before certain core risk and due diligence policies were put into place. ADEPHCA organization would not fit under Kiva’s current partnerships criteria because they do not have any audited financial statements, they do not have established internal controls, and they currently have no other sources of funding than Kiva. Kiva continues to allow ADEPHCA to raise funds on the website for two reasons. First, if Kiva were to abruptly end the partnership we believe there would be a higher risk of loss for lenders, since cutting off the Kiva funding source would put ADEPHCA in a financially distressed position. In addition, since ADEPHCA provides loans in some of the poorest and most remote areas of Nicaragua where there are almost no other options for funding, we believe these loans could still be of interest to lenders even considering the increased risk.

About Nicaragua

  • $4,800
    Average annual income
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $25,383,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Carmen Magdalena to buy chicken, coconuts, beef, fish, shrimp, American rice, sugar, coal, cooking oil, taro root, bananas and yucca root.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 16, 2009
Sep 9, 2009
Currency Exchange Loss:
Aug 16, 2010