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Romel Santiago
Romel Santiago is originally from the municipality of El Sauce, is married and originally from a very humble and hard-working family who have spent the majority of their lives in commerce.

He started his business five years ago with the sale of small amounts of soap and candy, but thanks to the various loans that Kiva has financed for him through Ceprodel, today he has a well-stocked grocery store and he was able to acquire a motorcycle taxi with which he offers taxi services to the residents of his municipality and its visitors.

It should be noted that he works together with his wife. When he leaves to offer rides in the moto taxi she stays and attends to the store. His business is very busy with the residents of the El Pedernal neighborhood because of the variety of products it offers and its customer friendliness.

He is currently requesting a loan to stock said business with rice, sugar, oil, flour, toilet paper, beans and soap, since Semana Santa (Easter week) is coming up. He is thankful to Kiva and Ceprodel for the support they have provided him all this time since he has succeeded economically thanks to these loans and he hopes that they continue supporting him in the future.
View original language description ↓
Romel Santiago es originario del municipio de El Sauce, casado, originario de una familia muy humilde, trabajadora que se han dedicado la mayor parte de su vida al comercio.

Su negocio lo inició hace cinco años con una pequeña venta de jabón y golosinas, pero gracias a los distintos créditos que le ha financiado Kiva a través de Ceprodel hoy tiene una pulpería bien surtida de productos de abarrotería y logró adquirir una moto taxi con la cual brinda el servicio de taxi a los pobladores de dicho municipio y sus visitantes.

Cabe señalar que trabaja en conjunto con su esposa cuando él sale a hacer viajes en la moto ella queda atiendo el negocio.

Su negocio es muy concurrido por los pobladores del barrio El Pedernal por la variedad de productos que ofrece y por la amabilidad del cliente.

Actualmente está solicitando un crédito para surtir dicho negocio, ya que se acerca la temporada de semana santa con el cual piensa comprar arroz, azúcar, aceite, harina, papel higiénico, frijoles y jabón.

Agradece a kiva y Ceprodel por el apoyo que le han brindado todo este tiempo ya que se ha superado económicamente gracias a estos préstamos y espera que le sigan apoyando para el 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
  • 125
    View loans »
    Nicaragua Loans Fundraising
  • $24,553,900
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Romel Santiago to buy rice, sugar, oil, flour, toilet paper, beans and soap.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2013
Listed
Mar 24, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014