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Magda Victoria
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Magda Gonzáles dedicates herself arduously to her seamstress business in the Sandino City neighborhood of Managua, where she tends to clients out of her home. Magda is a single mother of two whom she cares for as a mother and father at the same time. Her main goal is to expand her business and thus improve the economic conditions of her humble household. Today she looks for financial support from Kiva partner Ceprodel with the hope of purchasing sewing supplies such as fabrics, thread, needles, etc. The loan will benefit her children as much as her.

Translated from Spanish by Marty Greenstein, Kiva Volunteer



En el municipio de Ciudad Sandino de la ciudad de Managua la señora Magda Gonzáles se dedica muy esforzadamente al negocio de costurería donde atiende a sus clientes en su propia casa de habitación donde atiende su negocio.


Actualmente es madre soltera y con dos hijos que mantener por lo que lleva a cabo el papel de padre y madre a la vez. Su mayor anhelo es ampliar su costurería para así mejorar las condiciones económicas de su humilde hogar. Hoy en día busca un apoyo financiero en Ceprodel con el propósito de comprar los materiales de trabajo para la costurería como lo es la compra de telas, hilos, agujas, etc. Con el crédito se beneficia tanto ella como sus hijos.

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
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 19.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Magda Victoria purchase sewing supplies (fabrics, thread, needles, etc.) / Compra de materiales para el trabajo.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 26, 2008
Listed
Jun 11, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009