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Migdalia Argentina
Doña Migdalia M. has worked as a seamstress for 17 years. In addition, she makes and sells caramel syrup as a way of helping her husband with basic expenses such as water, electricity, etc. They have five children, three of them work while the other two are studying for a better future. Doña Migdalia is 43 years old and her husband works as a mechanic. In recent months, her sewing business has been slow so she has been supplementing her income by selling caramel syrup. She learned how to sew as a young girl by working as her mother’s assistant. When she got married, Doña Migdalia continued to engage in sewing.


Her sewing business is starting to pick up again because of the Christmas season and also many mothers want to buy dress clothes for their children’s school promotion ceremonies. With his loan, Doña Migdalia will buy fabric, lace, and thread for making clothes. In addition, she will buy sugar, cinnamon, and plenty of milk for making caramel syrup that she can sell every day. She is happy to have the support of the Institution behind her small business.

View original language description ↓
Doña Migdalia M. trabaja como costurera y hace cajeta para obtener ingresos desde hace 17 años apoya a su esposo con los gastos básicos como: agua, luz y otros gastos, procreo cinco hijos tres trabajan y dos estudian para poder tener un futuro mejor. Tiene 43 años de edad, su esposo trabaja en la mecánica, en los últimos meses las costura ha estado baja se ha estado ayudando mas con la venta de cajeta. Desde joven aprendió las costura el cual apoyaba a su mama, luego se caso y lo ha venido ejerciendo ya que comenzó a tener mucha clientela para esta época de navidad tiene mucho trabajo ya que por promociones las mama dan hacer sus trajes elegantes. Con este préstamo comprara tela, bordados, hilos para sus trabajos de costura a si como azúcar, canela y mucha leche para hacer la rica cajeta que dia a día se vende. Contenta con la institución por apoyar el pequeño comercio.

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.

About Nicaragua

  • $3,636
    Average annual income
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $24,035,950
    Funds lent in using Kiva
  • 20.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Migdalia Argentina purchase sewing materials & ingredients for making caramel syrup.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2009
Listed
Nov 27, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010