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Xiomara Magalis
Mrs. Xiomara is a young person that is 27 years old, single and without children. Despite her young age, she has worked for fifteen years in agriculture.
One of her main goals is to have a home. One of the obstacles she faces, that she has experienced in her agricultural career, is the way the theft of crops greatly affects earnings. It is with the economic support of her parents, who began this agricultural business, that she is requesting this loan. The loan will be used to provide a greater variety of plants that are generally utilized in the capital city or the outskirts. With this loan she will buy supplies, plants, fertilizers and pesticide, which will help her reach her goals. This will allow her to plan the construction of her house in the future.
View original language description ↓
La señora Xiomara Magalis G. G., es una joven de 27 años de edad, soltera sin hijos que a su corta edad labora desde hace 15 años en la agricultura.

Uno de sus principales objetivos es la edificación de su propia vivienda, pero uno de los obstáculos que ha tenido en su carrera como agricultora, ha sido el robo de las cosechas que afecta de sobremanera sus ingresos. Fue con el apoyo económico y moral de su padre, que se inicio en este negocio, ahora ella solicita de un préstamo para la diversificación de siembras que se consumen en masa, ya sea en la capital o sectores aledaños, con el crédito realizará las compra de insumos vegetativos, fertilizantes, pesticidas, que aporten a este fin , y le permitan a futuro la planificación de la construcción de su vivienda.

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

  • $4,800
    Average annual income
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,738,450
    Funds lent in using Kiva
  • 21.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Xiomara Magalis she will buy pesticides, fertilizers and growing supplies.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 12, 2010
Listed
May 22, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011