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Manuel Jerónimo
The city of Masaya stands out for having very hard-working, dynamic people and such is the case with Mr. Manuel B. whose business is making and selling shoes. He has many years of experience both making and selling them in different areas of the city.

B. is requesting a loan from Ceprodel in order to purchase materials to continue making shoes and sandals to be able to sell. It is important to highlight that immediately after receiving the loan, he will buy these raw materials in order to make the shoes and sell them in Masaya.
View original language description ↓

La ciudad de Masaya se caracteriza por tener gente muy trabajadora y dinámica tal es el caso del señor Manuel B. cuyo negocio es la elaboración de zapatos que con gran experiencia los elabora para luego comercializarlos y andar ofreciéndolos en diferentes lugares del municipio.

La razón por la cual el señor B. busca el apoyo en Ceprodel es debido a que requiere de la compra de los materiales de trabajo para elaborar los calzados y sandalias para su respectiva venta. Es importante destacar que a lo inmediato de recibir el crédito comprará estos materiales para la elaboración de dichos calzados en la ciudad de Masaya.

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
  • 82
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Manuel Jerónimo purchase of raw materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2008
Listed
Dec 3, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009