Check out some available loans that are similar to this one!
Víctor Manuel
Señor Víctor Manuel has owned a traditional tannery for 38 years. The business provides for his family and he works in his shop from 6 a.m. to 5 p.m. tanning leather by hand.

The funds from this loan are for the purchase of leather for processing. Víctor Manuel is grateful for the loans he's received from Ceprodel. These loans have increased his working capital and allowed him to purchase more goods at lower prices, paying cash instead of buying on credit. Ceprodel loans have thus improved Victor Manuel's quality of life.
View original language description ↓
El Señor Víctor Manuel, es dueño de una tenería artesanal desde hace 38 años, inicia sus labores desde la 6 am a 5 pm el proceso de curtiembre de cuero el cual lo realiza manualmente, hace este tipo de trabajo para llevar el sustento a su familia.

Este crédito fue utilizado para compra de cuero para su proceso.

El señor Víctor Manuel está agradecido porque sus créditos con Ceprodel le han ayudado a incrementar su capital de trabajo ya que compra más barato sus productos de contado y no de crédito y así ha mejorado sus condiciones y 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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 145
    View loans »
    Nicaragua Loans Fundraising
  • $24,089,275
    Funds lent in using Kiva
  • 24.4
    Nicaragua Cordobas (NIO) = $1 USD