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Ervin Santiago
Ervin Santiago L. is a hard-working and enterprising man who has had a shoe shop since 1998. He started this business with his wife with a small amount of materials. He now has new partners and makes 118 pairs of shoes a day.

Mr. L. sells his products in Masaya and Managua where he has regular customers. He now has an order that requires a large investment in raw materials such as leather, faux leather, thread, glue, adornments, nails, lining, buckles, elastic, etc.
View original language description ↓
Ervin Santiago L. es un hombre trabajador, esforzado y emprendedor quien tiene un taller de calzado desde 1998. Este negocio lo inicio junto con su esposa con unos cuantos materiales actualmente cuenta con nueve colaboradores y una producción diaria de 118 pares de zapatos.
L. comercializa sus productos en Masaya y Managua donde cuenta con clientes fijos. En estas fechas tiene un encargo que requiere de una gran inversión en materia prima como cuero, cuerina, hilos, pega, adornos, remaches, bonte, forro, hebilla, elástico etc.

Additional Information

About ADIM

Located in Central America, ADIM is a small microfinance institution with a strong social focus. In the saturated microfinance market of Nicaragua, ADIM stands out for its emphasis on the holistic development of women as well as its provision of responsible financial services. Founded in 1989 by a small group of Nicaraguan women, this institution has remained true to its initial goal of providing its clients (90% of which are women) with an opportunity for economic growth, in addition to personal and professional empowerment. Supporting an ADIM borrower means contributing not only to the continued offering of the socially conscious services it provides, but also to the sustainable growth of a truly unique microfinance institution.

About Nicaragua

  • $3,636
    Average annual income
  • 85
    View loans »
    Nicaragua Loans Fundraising
  • $23,717,225
    Funds lent in using Kiva
  • 21.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Ervin Santiago purchase raw materials such as leather, glue, insoles, thread, nails, etc.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2010
Listed
Nov 18, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2011