Mr. Santos P. has spent 8 years working at his business, which sells footwear and is located in the Mayoreo Market in the city of Managua. Mr. Santos has succeeded in growing his business; he started selling a few products, but over time, he has begun improving the circumstances of his business.
He is requesting a loan from Ceprodel so that he can buy footwear and then exhibit his products in his stands for sale. He hopes that the loan will be beneficial to him, so that he can continue improving his business in his area.
El caballero Santos P. se ha dedicado desde hace 8 años a su negocio de venta de calzados ubicandose en el Mercado Mayoreo de la ciudad de Managua. El señor Santos ha logrado desarrollar su negocio ya que inició vendiendo pocos productos pero a medida que el tiempo ha transcurrido ha venido mejorando su situación en el negocio.
Ha solicitado un crédito en Ceprodel para la compra de los calzados y de esta manera exhibirlos en sus estantes para su venta. Espera que el crédito le sea de mucho beneficio para continuar mejorando su negocio en su localidad.
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.