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Maria Magdalena
Magdalena U. R. has a business selling clothes and footwear. She has been doing this type of work for over ten years. She has three children.

She works with her husband, and they have been getting the business ahead. They work at the Mercado Oriental in Managua from seven in the morning until five in the afternoon.

The requested loan is to buy clothes and footwear for her business. This is her first loan with the institution.
View original language description ↓
Magdalena U. R. tiene su negocio de venta de ropa y calzado. Tiene más de 10 años en este tipo de actividad, es madre de familia de tres hijos, ella trabaja junto con su esposo donde ha venido sacando a delante el negocio.
Ellos trabajan de 7 de la mañana hasta las cinco de la tarde en el mercado oriental de Managua, el préstamo solicitado es para la compra de ropa y calzado para su negocio.
Es su primer préstamo con la institución .

Additional Information


This loan is administered by Centro de Promocion del Desarrollo Local (CEPRODEL), one of Kiva’s larger partners in Central America. Founded in 1991 and based in Managua, Nicaragua, CEPRODEL specializes in the development and funding of housing cooperatives for traditionally marginalized communities, the provision of microfinance services to small businesses, and the promotion of innovative renewable energy projects. In addition, unlike many microfinance institutions in the area that have chosen to avoid the rural areas of the country due to the increased financial risk, CEPRODEL provides financial services to numerous clients in the agriculture and livestock industry. Supporting a borrower through CEPRODEL means contributing to the promotion and sustainability of this important work in Nicaragua.

About Nicaragua

  • $4,800
    Average annual income
  • 46
    View loans »
    Nicaragua Loans Fundraising
  • $26,296,575
    Funds lent in using Kiva
  • 21.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Maria Magdalena to buy clothes and footwear.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 9, 2010
Oct 16, 2010
Currency Exchange Loss:
Aug 15, 2011