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Magaly Salvadora
Magaly is a mother and is the owner of a grocery store located in Villa Lobos I, Zone 12. She has had the store that she manages for 12 years. When she started, the business was small but with time it grew a little bigger and thanks to the support of Kiva, her business has been very helpful in supporting her family with its income. She struggles daily to provide the best for her children. This is why she is requesting her loan, so that she may invest even more in her business and in this way offer a better service and variety of products to her customers. Her goal and dream is for the business to continue to grow even more. She has already worked for two previous loans and did not default; she is a very responsible person with her payments.
View original language description ↓
La señora Magaly es madre y es propietaria de una tienda de productos comestibles ubicada en villa lobos 1 zona 12 la tienda que ella administra tiene 12 años de tenerla cuando ella empezó era pequeño el negocio pero con el tiempo creció un poco mas y gracias a al Apoyo de kiva, su negocio ha sido de mucho beneficio para apoyar a su familia con los ingresos del negocio ella lucha diariamente por darle lo mejor a sus hijos esta es la razón por la cual ella solicita su crédito para poder invertir aun mas en su negocio y de esa manera ofrecer un mejor servicio y variedad de productos a sus clientes y la meta y sueños es que el negocio siga creciendo a un mas.ella ya ha trabajado dos creditos anteriores y no a caido en mora es una persona muy responsable en sus pagos.

Additional Information

About FAPE

FAPE, the Foundation for the Assistance of Small Businesses, is a nonprofit, socially-minded institution that provides loans to micro-entrepreneurs across Guatemala.

Tags

About Guatemala

  • $4,155
    Average annual income
  • 80
    View loans »
    Guatemala Loans Fundraising
  • $9,432,050
    Funds lent in using Kiva
  • 7.9
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Magaly Salvadora buy products for daily consumption.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014