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.
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.