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Juan Inocente
Juan is a microentrepreneur who makes wood furniture such as beds, wardrobes and rocking chairs. He has worked in this trade for 11 years.

Before he had his own business, Juan was a high school student. On his own initiative he started to work in a furniture workshop in his community, where he quickly learned to build and decorate wood items. Because of his skill for manual tasks, he decided to buy tools and start his own business, which is his current workshop.

Although his business has grown, Juan needs a loan for working capital to meet the demand for his furniture, which is especially high for wood beds.

Juan aspires to grow as a microentrepreneur and study a university career that will give him better opportunities to expand his small business.
View original language description ↓
Juan es un microempresario que se dedica a la fabricación, elabora muebles de madera como camas, roperos, sillas mecedoras, tiene once años de dedicarse a este oficio.

Antes de tener su propio negocio era estudiante de secundaria y por iniciativa propia entra a trabajar en un taller de muebles de su comunidad donde muy pronto aprende a elaborar y decorar artículos de madera, gracias a su habilidad en trabajos manuales decide comprar herramientas para poner su propio negocio personal en donde actualmente tiene su propio taller.

Su negocio ha crecido, sin embargo necesita de un financiamiento para capital de trabajo para atender la demanda de muebles, en especial las camas de madera.

La aspiración personal de don Juan es crecer como microempresario y estudiar una carrera universitaria que le permita obtener mejores oportunidades de trabajo en su microempresa.

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
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $23,416,850
    Funds lent in using Kiva
  • 24.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Juan Inocente to buy laurel and Guanacaste wood to make furniture such as beds, wardrobes and rocking chairs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2013
Listed
Mar 17, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014