María S. has a general store in Managua's Ivan Montenegro market that she tends to every day from very early in the morning until nightfall. She is requesting financing to buy merchandise to stock her store and she hopes to receive the financing quickly so that she can meet her family's needs by improving the condition of her business.
En el mercado Ivan Montenegro de la ciuadad de Managua, la señora María S. es propietaria de su propio negocio de tienda general la que es comercializada a diario desde muy tempranas horas de la mañana hasta el atardecer.
El crédito lo está solicitando para la compra de los productos para la tienda y por este motivo espera en que recibirá el crédito a lo inmediato y así suplirá las necesidades de su familia mejorando las condiciones de su negocio.
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.