Funded

Total loan: $625
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Magda Carina


A loan of $625 helped to invest in rawe materials to make the first step towards her first collection.


Magda Carina's story

For Magda the clothes making and high fashion business is the visible result of her creative expression as a design professional. Since she was 15 years old, she has been working very closely with seamstresses. A year ago, after being an employee, she decided to go off on her own to follow her dream of being a fashion designer. She used the money she had from terminating her work contract and from her career as a design professional. Her goal is to start a collection a casual clothing for women and that is why she needs support from the Fundación Mario Santo Domingo, the organization where she is applying for a Kiva loan. With it, she plans on investing in raw materials to take the first step towards the competitive world of design and gain recognition and position in a much more structured market. Right now, Magda has a workshop where she does the whole productive process, from buying raw materials to design, cutting, preparation, assembly and finishing the pieces, and then selling them. Her main market are young college students and business executives who are persuaded by the quality of the products that Magda offers. She sells on credit and pays for her purchases up front. Her biggest challenge is having enough working capital to make her collection, and that is why she works so hard. She works every day from 8 in the morning until 5 in the afternoon from Monday through Sunday. Her work capacity, her discipline and the quality of work she produces are her strengths. She is getting ahead with a lot of competition in the market and that sustains her. That is the suxxess of investing a Kiva loan in her business; it will be in good hands.

Translator profile picture

Translated from Spanish by Kiva volunteer Ellen Donohue



Loan details

Loan length:

14 months
Disbursed date: July 19, 2012
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: July 19, 2012
Facilitated by Field Partner: Fundación Mario Santo Domingo (FMSD)