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Magdalena

Update on Magdalena

Magdalena, 44, lives together with her husband and her 21-year-old daughter in a house of their own. She runs a store at home where she sells food products such as bread, beverages, different types of oil, vegetable, fruits and sweets, and also consumer goods such as soap and shampoo.

Magdalena is requesting a loan to stock her store in order to provide a better service, increase her sales and get ahead with her family.
View original language description ↓
Doña magdalena de 44 años de edad vive con su esposo y su hija de 21 años de edad en casa propia. Ella posee una tienda de productos comestibles como pan, refrescos, aceites, verduras, frutas, golosinas y también de primera necesidad como: jabón y shampoo entre otras cosas, tiene su negocio en su casa de habitación. Doña magdalena solicita un préstamo por medio del cual pueda surtir aún más la tienda de manera que pueda atender mejor a sus clientes y de esta misma forma mejorar sus ventas lo cual es su prioridad para sacar adelante su hogar.

Previous Loan Details

Magdalena lives with her family, husband and daughter. By the grace of God, they live in their own house. They have improved their quality of life through great effort a little at a time. She is a hardworking woman whose vision has always been to give all for her daughter’s wellbeing. Sh... More from Magdalena's previous loan »

Additional Information

About Apoyo Integral

Apoyo Integral (Apoyo) is a nonprofit organization offering financial products that enable clients to increase their working capital, purchase fixed assets, buy and remodel homes, expand agricultural business and more. The organization’s target group is businessmen and women who have already established their businesses but need financial support to strengthen or expand them.

Like Kiva, Apoyo is committed to empowering women involved in business activities in rural areas. Kiva lenders’ funds will be used to expand these services to an even greater number of poor clients in rural areas.

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.

Tags

About El Salvador

  • $7,500
    Average annual income
  • 743
    View loans »
    El Salvador Loans Fundraising
  • $25,510,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Magdalena to buy soups, coffee, corn, beans, eggs, milk, pies, chocolate, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
May 26, 2013
Currency Exchange Loss:
N/A
Ended:
May 18, 2014