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Vilma Del Socorro
Doña Vilma del Socorro lives in the city of Granada, one of the oldest colonial cities in Nicaragua. She is 53 years old, and has been in business for six years. Her nuclear family consists of herself and her son, and she makes a living selling hand-crafted items. She buys all of her products from the municipalities of Masaya, Catarina and San Juan de Oriente.

Her son helps her sell to the visitors who pass through her city. They have a small area where they sell in the central park in Granada. She says sales are going well due to the development of turism and the fact that Granada is one of the most visited cities among international travelers.

The idea of starting her business was inspired with the goal of increasing her family's income, since both she and her son rely on this income. To date, it has gone very well and she has been able to maintain her business.

Recently, demand has increased, so she has approached Ceprodel to ask for a new loan so she can buy clay pottery, wood carvings, products made of acrylic, fashionable leather wallets for men, xerographed t-shirts, necklaces, and wooden beds for children.

As these items are the biggest sellers, they will contribute the most to the increase in her household income.
View original language description ↓
Doña Vilma del Socorro reside en la Cuidad de Granada,una de la ciudades mas antigua de nicaragua con aspecto colonial, tiene 53 años, es comerciante desde hace 6 años, su núcleo familiar se compone de ella y su hijo, su labor consiste en la comercialización de productos artesanales, Toda su artesanías la compra en los municipios de Masaya, Catarina y san Juan de Oriente, con la ayuda de su hijo se encarga de vender a los transeúntes, ya que posee un pequeño lugar de ventas en el parque central de Granada, comenta que sus ventas son muy buenas por lo que se desarrolla bastante el turismo y es una de las ciudades mas visitadas por los extranjeros.

La idea de iniciar su negocio fue con el propósito de mejorar su ingresos familiares ya que de el depende no solo ella, también su hijo, hasta la fecha le ha ido muy bien porque ha logrado mantener su negocio en este tiempo.

En estos momentos su demanda se ha incrementado, por este motivo es que se acerca a Ceprodel para solicitar un nuevo crédito, para la compra de cerámica de barro, de madera, acrílica, billetera de hombre corriente y de cuero, camisetas xerográficas, collares y camas de madera para niños. Siendo esta mercadería la más comercializada, lo que contribuirá a mejorar la oferta de sus productos y de esta manera incrementar sus ingresos para el hogar.

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
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $24,795,300
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $650 helped Vilma Del Socorro to buy t-shirts, portfolios, leather purses for women, leather belts for men, typical masks and a variety of costume jewelry.
99% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2013
Listed
Jan 15, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014