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Francisca Catalina
Francisca was born in the town of Masaya, the cradle of Nicaraguan floklore and home to many crafters. She is 54 years old and married, and lives with her two daughters, who are adults, and her husband. She is a merchant by trade. She has had her own business, which she set up with her own money by sparing no effort, for five years. It consists in a small shoemaker's workshop with two employees that makes women's shoes, and in a small grocery shop that sells meals in the evenings. Francisca works both businesses together with her husband in order to improve their lot in life. She says she likes to try out new ideas for her business and to earn her money honestly, since that is how she was brought up. At this juncture, she needs to invest in her workshop, since she is facing an increase in custom. This is why she asks for a loan in order to buy the materials she needs to make shoes: Brazilwood, mirrors, cloth, black varnish, straw soles, fine cloth, velvet, thread, felt, white glue, yellow glue, rubber soles, and others. This will enable her to face demand. She sells sandals at the town market and her grocery shop is located at her home, her customers being mainly neighbours. A few years ago, Francisca took out a loan with the same field partner, which she repaid in due time. She is asking for another loan in order to improve her and her family's financial situation.
View original language description ↓
Doña Francisca, nació en la ciudad de Masaya cuna del Folklore Nicaragüense y de artesanos, casada, con 54 años de edad, de oficio comerciante, su núcleo familiar es de cuatro, sus hijas (mayores de edad) y su esposo.

Tiene 5 años de poseer su propio negocio el cual emprendió con mucho esfuerzo con capital propio, su actividad consiste en un pequeño taller de zapatería y cuenta con dos trabajadores, para sacar rápido el producto como es el calzado para damas que es en el que se especializa, también posee una pequeña pulpería y venta de comida por la noche estos pequeños negocios lo trabaja con su esposo para poder atenderlos y entre los dos salir adelante, manifiesta que es una persona que le gusta innovar y ganar siempre su dinero honradamente, ya que eso fue lo que le enseñaron sus padres desde pequeña.

En estos momentos necesita invertirle a su negocio de zapatería, ya que su clientela ha aumentado un poco, por lo que está optando a un financiamiento para la compra de Brasil, espejo, tela, charol negro, galleta, forro fino, pana, hilo fibra, azulón, pega blanca, pega amarilla, suela panel, stay, máxima etc.

Y de esta manera poder satisfacer la demanda, las sandalias la comercializa en el mercado municipal de la cuidad y sus otros negocios los atiende en su casa, sus clientes son los vecinos de sus barrio.

Hace algunos años fue cliente de la institución y tuvo buen record, hoy nuevamente está optando a un financiamiento para mejorar su situación tanto económico como familiar.

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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,053,975
    Funds lent in using Kiva
  • 24.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Francisca Catalina to buy the materials she needs to make shoes.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2013
Listed
Feb 24, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014