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Francisco
Francisco R. owns his small general store in the town of El Sauce in the city of León which he has managed to stock with items with the goal of producing support for his home. Among the products offered are food products and personal use items and he needs to buy these products to restock his store. This is the reason for his loan request: to have the products to sell thus contributing to the development of his own business in his location.
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En el municipio de El Sauce en la ciudad de León, el señor Francisco R. es propietario de su propia pulpería la que ha logrado surtir con los productos con el fin de llevar el sustento a su hogar de habitación.

Entre los productos que ofrece se encuentran los productos comestibles y los personales y hoy en día requiere de la compra de dichos productos para ofrecerlos en su negocio y es por esto que solicita un crédito para dar lugar a dichas compras y así contribuir al desarrollo de su propio negocio en su localidad.

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

  • $4,800
    Average annual income
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,581,200
    Funds lent in using Kiva
  • 20.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Francisco to buy products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2009
Listed
Nov 18, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010