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Magda
Magda lives in the Comarca Sabana Grande neighborhood of Managua. She is thirty-eight years old and is married with three children of fifteen, sixteen, and eighteen years of age. All three children are currently students, and her husband works buying and cutting up cattle and pigs. Mrs. Magda works with her husband in this business, cutting up and selling pork meat from her home. She has been in this business for the past eight years. Her greatest difficulty has been finding a means of transporting these products. She hopes, in the future, to collect the money necessary to buy a small truck so as to facilitate product transfer. Initially, Mr. and Mrs. Magda were able to launch their business thanks to loans from AFODENIC, and through these they have been able to improve their business. If able to obtain this new loan, they hope to buy ten more pigs, which will be raised so that their meat can later be sold to both old and new clients.
View original language description ↓
Magda habita en el barrio Comarca Sabana Grande de Managua tiene 38 años de edad, es casada, y tiene tres hijos de 15,16 y 18 años de edad que están estudiando, su esposo se dedica a la compra y destace de ganado vacuno y porcino. Doña Magda apoya a su esposo en el negocio, ella destaza y vende carne de cerdo en su casa de habitación. Negocio en el cual lleva ya 8 años. La dificultad mayor que ha encontrado ha sido la dificultad para poder trasladar el producto, es por eso que en un futuro espera poder reunir dinero para comprar una camioneta y que se le haga más fácil el traslado del producto. El negocio lo inició con préstamos a AFODENIC y es a través de estos que ha ido mejorando, el uso de este crédito será para la compra de 10 cerdos para engordarlos y luego comercializar la carne a sus clientes y demás personas que requieran de este producto.

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.

About Nicaragua

  • $3,636
    Average annual income
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,384,275
    Funds lent in using Kiva
  • 19.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Magda purchase of ten pigs.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 9, 2008
Listed
Sep 25, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009