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Magdalena Del Carmen
47-year-old Magdalena del Carmen is the mother of three children and comes from a town in the south-east of Chinandega. It is a very productive town as it is home to one of the largest sugar refineries in the country.

Magdalena is a micro businesswoman whose business is buying and selling general merchandise such as new clothing for adults, teens and children; underwear; backpacks and other items that her customers order. Magdalena started her business some years ago with her own capital which she earned through years of hard work. Her intention is to get her children ahead in life as she is a single mother and the only source of support for her children. Her biggest dream is to continue working hard so that she can make the income she needs to be able to refurbish her home.
View original language description ↓
Magdalena del Carmen es una mujer de 47 años, madre de tres hijos, originario de un municipio ubicado al sureste de Chinandega, municipio muy productivo ya que en él está uno de los ingenios azucareros más grande del país. Es una microempresaria se dedica a la compra y venta de mercadería en general como: ropa nueva para adulto, juvenil y para niños, ropa interior, mochilas, entre otro tipo de artículos que sus clientes le encargan. Magdalena inicio su negocio desde hace varios años, con capital propio el cual logro obtener, a través de los años con mucho esfuerzo, todo con el propósito de sacar adelante a sus hijos ya que ella es madre soltera y ella es el único sostén para sus hijos. Su mayor sueño es seguir trabajando duramente para poder tener los ingresos suficientes para poder hacer remodelaciones en su casa.

Additional Information

Fundación Leon 2000

This loan is administered by Fundación Leon 2000. Fundación Leon 2000 began operations in 1993 as the first microfinance institution to serve the western part of Nicaragua, a country which continues to be one of the poorest in the western hemisphere. Fundación Leon 2000 works to further the development of micro, small, and medium enterprises through credit services and management, applying the best credit industry practices and technical expertise. Additionally, Fundación Leon manages several business and financial education programs in the community, specifically for young entrepreneurs and at-risk youth. Fundación Leon 2000’s group of experienced and dedicated employees works in 7 offices in Leon, Chinandega, Chichigalpa, Somotillo, Jinotepe, El Sauce, and Nagarote and serves several thousand clients (the majority of whom are women).

About Nicaragua

  • $3,636
    Average annual income
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $23,621,150
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Magdalena Del Carmen to buy new clothing for adults, teens and children; underwear; backpacks and other items.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2013
Listed
May 1, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014