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Maria Magdalena
View original language description ↓
María Magdalena D. is a single woman with five children, four of which are of school age. Her children have been her reason for living and it is for them that she has striven, providing them an education so that they will have a better standard of living in the future.



Seventeen years ago, she sold tortillas, nevertheless she found a better opportunity in her path and through this she began her business selling clothing. She buys at wholesale and sells at retail.



This business is one of the most prominent today. Her sales have increased over the years. Currently, with the revenue she has earned, she has a fixed spot which she has been expanding and improving considerably. Her initial capital was C$20,000.00 (Cordobas) which came from savings.


María Magdalena has worked with CEPRODEL for two years. She feels very satisfied since the credits she has been granted were provided at an opportune moment helping her fulfill necessities for the business and satisfy her customers daily. She has a record of 20 credits.

Translated from Spanish by Kate Divjak, Kiva Volunteer.



María Magdalena D. es una mujer soltera con cinco hijos, de los los cuales cuatro se encuentran en edad escolar. Sus hijos han sido la razón de vivir y por ello es que ella se ha esforzado, brindandoles asi una eduación para el futuro de ellos mejorando asi su nivel de vida.



Hace 17 años se dedicaba a venta de tortillas, sin embargo logro una mejor oportunidad en su camino y fue asi que ella da inicio a su negocio de venta de ropa donde compra al mayorista y vende al detalle,.



Este negocio es uno de los más destacados hoy en día sus ventas han incrementado al paso de los años antes colocaba el producto con abonos diarios, actualmente tiene puesto fijo con los ingresos obtenidos ya que ella ha ido ampliandodolo y mejorando considerablemente. Su inicio capital fue C $ 20,000.00 (Córdobas)los cuales eran de ahorro.



María Magdalena trabajo con CEPRODEL desde hace dos años y se siente muy satisfecha ya que los creditos que se le han otorgado brindados estos en momento oportuno ayudandola asi a suplir necesidades del negocio y satisfacer a diario a su clientela. Ella tiene un recor de 20 creditos.

Additional Information

About CEPRODEL

This loan is administered by Centro de Promocion del Desarrollo Local (CEPRODEL), one of Kiva’s larger partners in Central America. Founded in 1991 and based in Managua, Nicaragua, CEPRODEL specializes in the development and funding of housing cooperatives for traditionally marginalized communities, the provision of microfinance services to small businesses, and the promotion of innovative renewable energy projects. In addition, unlike many microfinance institutions in the area that have chosen to avoid the rural areas of the country due to the increased financial risk, CEPRODEL provides financial services to numerous clients in the agriculture and livestock industry. Supporting a borrower through CEPRODEL means contributing to the promotion and sustainability of this important work in Nicaragua.

About Nicaragua

  • $4,800
    Average annual income
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,546,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $550 helped Maria Magdalena purchase of merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 29, 2007
Listed
Dec 15, 2007
Currency Exchange Loss:
N/A
Ended:
Apr 30, 2008