Raquel Rivera López


Status: Paid Back

$1,075.00   Loan Request
$1,075.00   Paid Back

About the Entrepreneur

Name: Raquel Rivera López
Location: Chinandega, Nicaragua
Activity: Home Products Sales

About the Loan

Loan Amount: $1,075.00
Loan Use: Purchase of merchandise
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 27, 2007
Date Disbursed: Jan 10, 2008
Date Funded:Dec 27, 2007
Loan Ended:May 11, 2008

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:18.7900 NIO = 1 USD



Raquel Rivera has worked selling household furniture for 20 years. She is a single mother with two children who are both in primary school.


She stands out as a hard-working mother, who is always working in her business and has also struggled to invest in it. The fact that she is a single mother does not mean that she cannot support her children because although she has been through financial difficulties, she has been able to give her children a good education.


CEPRODEL has given Raquel Rivera great support with 20 loans over the past three years which have permitted her to invest more in her business, acquire new furniture and at the same time support her children who are in school.

Translated from Spanish by a Kiva volunteer.



La señora Raquel Rivera desde hace 20 años se dedica a la venta de muebles para el hogar. Es madre soltera con dos hijos a su cargo de los cuales ambos cursan sus estudios de primaria.


Se ha destacado por ser una mujer muy esforzada, siempre está trabajando en su negocio y además se ha preocupado por invertir en el. El hecho de que sea madre soltera no significa que no pueda mantener a sus hijos ya que a pesar de la difícil situación económica que atraviesa, ha podido brindarles los estudios a sus pequeños.



Ceprodel ha apoyado grandemente a la señora Rivera otorgándole 20 créditos desde hace 3 años los cuales la han beneficiado de tal manera que ha invertido mas en su negocio con la adquisición de nuevos muebles y a la vez ha logrado mantener a sus hijos en la escuela.


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Lenders to this entrepreneur

Tommy
Panama City, FL
United States

Anonymous
Norwalk, CT
United States

Andy
WHEAT RIDGE, CO
United States

Lois
Carlsbad, CA
United States

Anonymous

Sergio
Bernex,
Switzerland

Zach & Jill
Louisville, KY
United States

Robert
Nelson, British Columbia
Canada

Elaine
Boothwyn, PA
United States

Timothy
Princeton, NJ
United States

Jacquie
Vancouver, British Columbia
Canada

Michael and Melinda
Sunnyvale, CA
United States

celesttina
Nelson, British Columbia
Canada

Sharon Shelton
Raleigh, NC
United States

pete
minneapolis,
United States

Ned

Christy & Ian
Indianapolis, IN
United States

Colette
Rocklin, CA, KivaFriends.org
United States

Jennifer
Phoenixville, PA
United States

carla
boylston, MA
United States

Matteo
Sao Paulo, SP
Brazil

HeartCore Corporation
Kapaa, HI
United States

Anonymous

Desiree
Vancouver, British Columbia
Canada

Jessica
Abington, PA
United States

Rucha
Pleasanton, CA
United States

mary
NEW YORK, NY
United States

Anonymous

Diane
San Diego, CA
United States

Anonymous
San Francisco, CA
United States

Melissa
Gananoque, Ontario
Canada

Eric
San Ramon, CA
United States

claire
Manchester, Greater Manchester
United Kingdom

joe
north babylon, NY
United States

Terri
Knoxville, TN
United States

Jantzen
highland hts, OH
United States



Journal entries for Raquel Rivera López


Loan has been disbursed
 
Entrepreneur: Raquel Rivera López
Location: Chinandega, Nicaragua

Thank you for your loan. It has been disbursed to Raquel Rivera López by CEPRODEL in Nicaragua. We are excited to watch this business grow. Over the next 4 months, CEPRODEL will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Chinandega, Nicaragua
Jan 11, 2008
Comment on this entry

Journal Update for Raquel Rivera López
 
Entrepreneur: Raquel Rivera López
Location: Chinandega, Nicaragua

La señora Raquel Rivera solicitó un crédito para la compra de los muebles que ella comercializa en su propio establecimiento con el fin de llevar el susteno a su hogar y favorecer a sus dos hijos puesto que es madre soltera y con la necesidad de mantenerlos.

El crédito le benefició grandemente porque así compró los muebles de madera y los comercializó en su localidad ganando utilidades para el negocio y por ende pare el desarrollo de su familia.

About CEPRODEL:

Founded in 1991, the Centro de Promoción del Desarrollo Local (CEPRODEL) is a nonprofit organization (NGO) based in Managua that provides socioeconomic development programs in rural and urban communities throughout western Nicaragua. More than 75% of Kiva’s CEPRODEL loans are to women. Join the Fans of CEPRODEL Kiva Lending Team , make another loan to a CEPRODEL client if available, and/or tune into the next episode of the novela, "As the Microfinance Mundo Turns," on the Kiva Fellows Blog.


Posted by Harvy Esquivel from Chinandega, Nicaragua
Aug 20, 2009
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Kiva Help Repayment Schedule for Raquel Rivera López

  Expected Repayments Actual Repayments Comments
April 2008 $268.75 $269.00 Repayment Received
May 2008 $268.75 $269.00 Repayment Received
June 2008 $268.75 $269.00 Repayment Received
July 2008 $268.75 $268.00 Repayment Received