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Celidey Del Socorro
Celidey’s business consists of selling used shoes. She sells the shoes from her house just outside of Managua and also from the central market in Jinotepe, which is roughly 20 minutes away. She is requesting a loan from CEPRODEL to buy more shoes. The shoes all arrive from the United States. People want the shoes that look new, she said, so before putting them in the store she scrubs all the shoes until they look as clean as possible.

Celidey has been in the shoe business for six years now. This is her first loan with CEPRODEL. She is hoping the loan will help her increase her inventory and thus increase the size of her business. Celidey is 37 years old. She married with two daughters. Both of her daughters, ages 13 and 17, are in school.

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

  • $3,636
    Average annual income
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $23,828,900
    Funds lent in using Kiva
  • 20.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Celidey Del Socorro to buy used shoes to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2009
Listed
Nov 24, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010