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Magda Rosa

Update on Magda Rosa

Doña Magda is still in business selling personal products. Her business is set up in her home, her clientele has increased, and she is preparing for the best time of year: year-end sales and Christmas. Doña Magda feels very proud of her daughter, who is taking full advantage of doña Magda's and her husband's hard work to successfully complete her university studies. She hopes that her daughter can develop her career, as she herself hasn't done, in spite of being a professional. Doña Magda is requesting her seventh loan from AFODENIC to purchase products, such as cosmetics and ladies' perfumes. The ladies always demand greater variety and quantity. Doña Magda trusts that she will have a new shop and sell a greater number of products.
View original language description ↓
Doña Magda continua con su negocio de venta de productos de uso personal establecido en casa, su clientela ha aumentado y desde ya se está preparando para la mejor época para ofertas del año, como es Navidad. Ella se siente muy orgullosa de su hija, quien ha aprovechado el esfuerzo de ella y su esposo para trascurrir sus estudios universitarios con mucho éxito, anhela que ella se pueda desarrollar en su profesión ya que ella a pesar que ella es profesional no lo hace. Magda está solicitan su séptimo crédito a AFODENIC para la compra de productos como cosméticos y perfumes para dama, quienes siempre demandan en mayor variedad y cantidad. Ella confía en tener un nuevo local y comercializar un mayor número de productos.

Previous Loan Details

Magda is a hard-working woman who, with a lot of effort and sacrifice, has advanced her children. They are now studying at university. She is helping them with university expenses. She is joining forces with her husband. He works in a slot-machine business. She continues to sell cosmetics, which ... More from Magda Rosa's previous loan »

Additional Information


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

  • $4,800
    Average annual income
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,832,275
    Funds lent in using Kiva
  • 24.5
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $625 helped Magda Rosa to purchase products such as cosmetics and ladies' perfumes.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 17, 2013
Oct 28, 2013
Currency Exchange Loss:
Dec 17, 2014