Update on Geyli SilvetGeyli comes from San Rafael del Sur in the town of Managua, Nicaragua. She has been selling basic grains such as rice, frijoles beans, corn and other food products for four years.
Her business has improved and her customers are starting to ask for a wider range of products. Therefore, she needs a loan to increase the variety she offers in her shop.
She puts a lot of effort into her work and is always ready to face up to any challenges. She is capable of growing as a small-time business owner in her community and be an inspiration to others.
She used to work as a maid in an important local hotel, but she was motivated to start up her own business when she lost her job.
Su negocio ha mejorado, y sus clientes de igual forma le sugieren variedad de productos, por lo que necesita mayor capital de trabajo para diversificar su punto de venta.
Es una mujer esforzada y con deseos de superación personal, capaz de crecer como microempresaria en su comunidad y ser una fuente de inspiración a los demás.
Antes de tener su negocio trabajo como ama de llave para un hotel importante de la zona, y con su liquidación laboral fue motivada a poner su propio negocio.
Previous Loan DetailsGeyli is a small merchant in the town of San Rafael del Sur, Managua, Nicaragua. She’s 31-years-old, married and has two children one of whom in school age. She has a general store where she sells human consumption products like rice, beans, sugar, oil and corn, among others. Before having… More from Geyli Silvet's previous loan »
More information about this loan
This loan is part of CEPRODEL's program for young Nicaraguans, ages 18 to 29, who belong to solidarity groups. Within these groups, everyone either works together on the same business or runs a separate small business. These loans are targeted to low-income clients with special focus on single women living in and around the city of Chinandega. For borrowers starting new businesses, CEPRODEL waives its requirement that recipients have over one year of experience in the field. CEPRODEL partners with an Italian NGO to offer a business training program for recipients. By supporting this loan, you are helping young entrepreneurs who have limited access to credit.
About CEPRODELThis 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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