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Petronila Auxiliadora
Petronila lives in the city of Masaya, capital of Nicaraguan folklore. She is 68 years old and her nuclear family is comprised of her and her husband and she has 3 grown children who are independent.

The idea for her business came about as an alternative to increase the household income. Her business consists in buying and selling artisan-made crafts such as hammocks, pottery vases that she makes with the help of one of her daughters, and artisanal fabric flowers. The products are delivered to Managua to meet orders and so she can keep loyal clients and, thanks to the prestige, has added many more including clients who travel beyond the country.

Petronila wants financing to invest in her business. For this reason, she is requesting a loan that would enable her to meet demand. The loan will be used to by hammocks, vases, and the fabric to make her flowers. In this way, she will be able to keep working in her business and improving her quality of life.
View original language description ↓
Doña Petronila reside en la cuidad de Masaya, capital del Folklore Nicaragüense, tiene 68 años, su núcleo familiar los compone ella y su esposo, tiene tres hijos que son mayores e independientes.

La idea de su negocio surgió como una alternativa para mejorar los ingresos de su hogar, su negocio consiste en la compra y venta de artesanía como lo es hamacas, chinos, jarrones de barro y a la vez elabora, junto con la ayuda de una de sus hijas, flores de tela artesanales, estos productos los entrega en Managua por encargos ahí mantiene sus clientes fijos y que gracias al prestigio, ha adquirido muchos mas, hasta clientes que viajan fuera del país.

La señora Petronila desea un financiamiento para invertir en su negocio, por tal razón solicita un préstamo en el cual le permita cubrir la demanda, el crédito lo utilizara para la compra de hamacas, chinos, jarrones, y la tela para elaborar sus flores, de esta manera le permitirá seguir trabajando en su negocio y mejorando su calidad de vida.

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
  • 169
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,825
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Petronila Auxiliadora to buy hammocks and vases.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Jan 12, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014