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Magali
Magali, 28, is a young and very humble person. She has a 6 year old daughter who is dependent on her. Her daughter is in first grade, which requires expenses for education, health, clothing and other things. This is why Magali works making and selling bread (which she does on her own), and delivers it to the stores in her neighborhood. In addition, she also buys and sells clothing.

Magali's daily life is very exhausting; every day, she struggles toward a better future. Magali wants to increase the production of bread, for which she needs financing to buy supplies so she can generate more revenue, which is what she most needs to improve living conditions for herself and her daughter.
View original language description ↓
La señora Magali, tiene 28 años, es una persona joven y muy humilde, tiene una hija de 6 años que depende de ella, la cual se encuentra estudiando en primero básico, por lo cual demanda gastos de estudios, salud, ropa y otros, es por ese motivo la clienta se dedica a la elaboración y venta de pan, la cual lo elabora ella sola y lo entrega a las tiendas de su barrio; adicionalmente también se dedica a la compra y venta de ropa de vestir. El diario vivir de Magali es muy agotador, ella lucha día a día para llegar a tener un futuro mejor. Magali quiere aumentar la producción de pan, por ello necesita el financiamiento de dinero para comprar insumos de elaboración de pan, por lo consiguiente generar mayores ingresos, que es lo que mas necesita para mejorar la condición de vida de ella y de su hija.

Additional Information

About CIDRE

CIDRE is a Bolivian microfinance institution with a strong social commitment to the community. It works to provide quality financial services to rural and peri-urban borrowers, focusing primarily on agricultural loans for dairy farmers and micro-enterprises. CIDRE targets segments of the population that have not traditionally had access to credit, and invests in much-needed community development projects. It is currently working with coca farmers in the Chapare region to replace coca with less controversial crops. Get more involved by joining the Friends of CIDRE lending team.

About Bolivia

  • $2,817
    Average annual income
  • 84
    View loans »
    Bolivia Loans Fundraising
  • $28,120,450
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Magali to buy raw materials to make bread.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 19, 2013