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Magda Ligia
Sra. Magda Ligia Chávez is 47 years old and resides in the town of Ticuantepe. She is a small businesswoman who struggles each day so that her family can get ahead. Her husband helps with the household expenses. They have a six-year-old son who is currently an elementary school student. Her plans for the future are to provide the best for her young son’s welfare, purchase a stand at the market, and fulfill her greatest dream of opening a store.


Doña Magda has been selling clothing and cosmetics for eight years. Her greatest difficulty is not having enough merchandise whenever her customers place their orders. This loan will be used to buy clothing and cosmetics so that she can increase her inventory and generate more sales. With the income she earns, Magda will be able to repay her loan on time and according to terms.

View original language description ↓
La señora Magda Ligia Chávez, tiene la edad de 47 años , habitante del municipio de Ticuantepe , es una pequeña comerciante que lucha día a día para poder salir hacia adelante con su familia ; su esposo le apoya con los gastos del hogar , ellos tiene un hijo de seis años actualmente estudiante de primaria , los planes hacia un futuro es poder darle un mejor bienestar a su pequeño hijo y poder comprar un tramo en el mercado y poner una tienda ya que es su mayor sueño .Doña Magda desde hace más de ocho años se dedica a la venta de ropa y comestico la mayor dificultad que se le presenta es no poder contar con mercadería suficiente y poder abastecer a sus cliente . El crédito lo quiere para la compra de ropa y cosmético ya que de esa manera su inventario crece y sus ventas serán mayores y a la vez su ingreso para poder pagar en tiempo y forma.

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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,552,350
    Funds lent in using Kiva
  • 22.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Magda Ligia to purchase clothing and cosmetics.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2011
Listed
May 1, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011