Santos Mauricio lives in the city of Managua. He has had his own business in a busy market in the capital for 17 years. He works seven days a week, with his best sales on the weekend because his business is located in the terminal for the buses that go to the northern part of the country. His wife works in the business; his daughter helps them in the morning and attends school in the afternoon.
He's requesting a loan to invest in buying merchandise, which he buys in accordance with the seasons of the year. Right now he's going to invest in summer clothing and a variety of merchandise to stock his business. The success of Santos's business is to keep it well stocked to sell merchandise to his customers.
Santos is grateful to Kiva and CEPRODEL for the loans granted because they have allowed him to grow in his business and consequently increase his profits and support his family. He pays for his children's education and little by little he has improved his house, because his business is his family's only source of income.
El señor santos Mauricio vive en la cuidad de Managua, tiene su propio negocio en un populoso mercado de la capital desde hace 17 años trabaja los 7 días de la semana donde su mejores días de ventas son los fines de semana ya que su negocio está situado en la terminal de buses que viajan al norte de país en el negocio trabaja su esposa y su hija que les ayuda por la mañana y en las tarde asiste a sus estudio.
Está solicitando un crédito para invertirlo en compra de mercadería ya que el invierte en mercadería conforme las temporadas de año y en estos momento su inversión va hacer de ropa de verano y mercadería en general para surtir su negocio el éxito del negocio de don santos es mantener su negocio bien surtido para ofertarle a su clientela.
Don santo agradece a kiva y ceprodel por los créditos otorgados ya que estos le han permitido crecer en su negocio y por ende aumenta sus ganancias y con ella mantiene su familia, le da estudio a sus hijos , y poco a poco ha mejorado su casa ya que su negocio es la única entrada de dinero para su familia .
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.