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Faucto
In the Iván Montenegro Market, Mr Faucto H. has stood out as a seller of dairy products such as the cheese which he sells every day in his store. His store is very busy with customers buying cheese.

He is requesting a loan to invest in the purchase of 'queso seco' (dry, aged cheese) and 'queso crema' (heavy cream similar to crème fraiche) so that he can continue offering it and so that his customers can buy it from him without difficulty. He hopes that he will receive his loan without problems and that he can thereby continue working.
View original language description ↓
En el Mercado Iván Montenegro, el señor Faucto H. se ha destacado por ser comerciante de productos lácteos como el queso siendo vendido a diario por el mismo en un local muy concurrido por consumidores que compran el queso.

Está solicitando un crédito para invertirlo en la compra del queso seco y queso crema para continuar ofertándolo y de esta manera sus clientes puedan comprarle sin ninguna dificultad. Espera que el crédito le sea proporcionado sin problemas y de esta forma continuar en su actividad en su localidad.

Additional Information

About CEPRODEL

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

  • $3,636
    Average annual income
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $23,485,000
    Funds lent in using Kiva
  • 21.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Faucto to buy cheese.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2010
Listed
Nov 3, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011