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Magdalena De Jesus
Magdalena came from the province of Loja 25 years ago. She moved to the province of Manabí and at present is a member of the communal bank Los Corrales, located in a community on the outskirts of the city of Montecristi.

Our member is 43 years old, is married and has four children who are all adults. She is an informal vendor of clothes and shoes for women and men. With the loans she has recieved from the Foundation, she has been able to grow her business. She informed us that with her daughter, Magdalena goes out to travel the sector where they live, while her husband has another activity related to selling dairy products. With their life savings, they have been able to buy three cows and they are producing. They make the cheese and the other milk products and later deliver them to stores and other clients.

Magdalena will invest her loan in diversifying her business. She will travel to Guayaquil where the big clothing stores are. She makes the trip periodically or at least when there are a lot of orders. She is very grateful to her friend who motivated her to get into sales. Magdalena is very happy with the business because she has been able to help her husband at home with her earnings. With this new loan she will invest in pants, blouses and shoes. She sells by going to visit her customers' houses. She sells on credit and collects every two weeks. Once she recovers the capital, she re-invests in merchandise.
View original language description ↓
La señora Magdalena es oriunda de la provincia de Loja desde hace 25 años, se radicó en la provincia de Manabí, actualmente está formando parte del banco comunal Los Corrales situado en una localidad a las afuera de la ciudad de Montecristi.

Nuestra socia tiene 43 años de edad está casada tiene 4 hijos ya todos mayores de edad, se dedica al comercio informal de ropa y zapatos para damas y caballeros, con los créditos que ha recibido de la Fundación ha podido incrementar su negocio, nos comentó que junto a su hija la señora Magdalena sale a recorrer por el sector donde viven, mientras que el esposo tiene otra actividad relacionada con la venta de productos lácteos, con los ahorros de toda la vida han podido comprarse tres vacas y son las que producen, ellos se encargan de preparar el queso y los demás derivados de la leche, para luego llevar a entregar a despensas y demás clientes.

La señora Magdalena invertirá su crédito en surtir su negocio viajara hasta la ciudad de Guayaquil donde están situado los grandes almacenes de ropa, el viaje lo realiza cada cierto tiempo o por lo menos cuando tiene bastante pedidos, está muy agradecida con su amiga quien la motivo para que ingrese a las ventas, con el negocio la señora Magdalena está muy contenta porque ha podido ayudar con sus ganancias a su esposo en el hogar, con este nuevo crédito invertirá en pantalones, blusas, y zapatos la forma de vender es salir a visitar a sus clientes les deja a crédito y cobra cada quince días, una vez que recupera el capital vuelve a invertir en mercadería.

About Ecuador

  • $10,200
    Average annual income
  • 40
    View loans »
    Ecuador Loans Fundraising
  • $23,449,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $450 helped Magdalena De Jesus to buy pants, shoes, blouses and t-shirts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2010
Listed
Jun 2, 2010
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2010