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Lucia Otilia
Lucia Otilia is a stallholder in one of the markets in León city. She leaves home at 6 am, begins work at 7 am and finishes at 5 pm. Once a week, she travels to Managua to buy stock. She is the mother of four school-age children.

She originally set up in business as a street vendor, selling clothing in small quantities, but has now had a permanent market stall for 10 years.

She is applying to Ceprodel for a loan which she will use to buy new, fashionable products such as: underwear, children's clothing, towels, sheets, shorts, shirts, etc. This will enable her to attract more customers and increase her sales and earnings, which will go towards supporting her family. Lucia's dream is to see her business continue so that, in the future, her children can have professional careers.
View original language description ↓
La señora Lucia Otilia es comerciante de uno de los Mercados de la ciudad de León, Sale de su casa de habitación a las 6:00 am para iniciar sus labores a las 7:00am finalizándolas a las 5:00 pm, viaja a Managua una vez por semana a comprar su producto. Ella es madre de cuatro hijos y están de edad escolar,

Inicio su negocio de forma ambulante con venta de ropa en pequeña cantidad actualmente tiene puesto fijo y realiza esta labor desde hace 10 años.

El crédito que solicita a Ceprodel lo utilizara para la compra de nuevos productos que estén a la moda tales como: ropa interior, trajes para niños, toallas, sabanas, shores, camisa, etc. Permitiéndole atraer más clientela e incrementando las ventas y ganancias para el sustento de su familia.

Los sueños de la señora es que su negocio se mantenga para que sus hijos logren a ser profesionales coronando una carrera en un futuro.

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

  • $4,800
    Average annual income
  • 97
    View loans »
    Nicaragua Loans Fundraising
  • $24,800,300
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Lucia Otilia to buy underwear, children's clothing, towels, sheets and shorts.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2012
Listed
Nov 14, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013