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Magda De Los Angeles

Update on Magda De Los Angeles

Magda is a 43-year-old married woman. Her husband works for a seafood company, and with his earnings supports the household and continues to buy and sell pigs for butchering. They have used loans for their business and now they would like to buy 18 pigs, which their customers have requested of them.

This business has helped them improve the living conditions for their family, and she hopes to always have enough financial support in order to not allow the business fall apart and always continue forward.
View original language description ↓
Magda tiene 43 años de edad es casada su esposo trabaja en una empresa de mariscos con, sus ingresos apoya en los gastos del hogar continúan con el negocio de compra y venta de cerdos destazados, sus créditos los utiliza para el negocio y ahora quiere comprar 18 cerdos, esto para cubrir encargos de sus clientes, este negocio le ha ayudado a salir adelante con su familia mejorando sus condiciones de vida, ella espera siempre el apoyo de financiamiento para no dejar caer el negocio y seguir siempre adelante.

Previous Loan Details

Magda de los Angeles is a woman who is enthusiastic and passionate about her trade. She says it is the best job a human could have. For the past 11 years, she has been her own boss. Magda has supported herself to this very day by buying and selling pork. Her husband is currently abroad working… More from Magda De Los Angeles's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Nicaragua

  • $3,636
    Average annual income
  • 152
    View loans »
    Nicaragua Loans Fundraising
  • $23,167,375
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Magda De Los Angeles to buy 18 pigs for butchering.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014