The rosquillas somoteñas (a ring-shaped cookie) are Nicaragua's best and they are available not only in Somoto as but in the other departments of the country as well. Candida R. daily sells rosquillas somoteñas in a stall she has in the Mayoreo market to many customers who visit her to buy rosquillas. She is requesting funding to buy the rosquillas so that she can continue to offer them for sale thus earning profits with which to support her family of three children since she is a widow and solely responsible for their support.
Las rosquillas somoteñas son las mejores rosquillas de Nicaragua y son comercializadas tanto en Somoto como en los diferentes departamentos del país. En el mercado Mayoreo, la señora Candida R. se dedica a la venta de rosquillas somoteñas ofrecidas en su establecimiento donde diario es visitada por muchos clientes para comprar las rosquillas.
Ella solicita un crédito para invertirlo en la compra de las rosquillas y de esta manera continuar ofreciéndolas para continuar llevando el sustento a su hogar compuesto por sus tres hijos ya que ella es viuda y tiene la responsabilidad de mantenerlos.
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.