Amparro sells various types of food from a stand just outside the Town Hall of Nindiri, which is about 20 minutes from CEPRODEL’s office in Masaya. She has been selling food for seven years, though her business used to be much smaller. She is requesting the loan to buy ingredients such as flour and sugar as well as other items to sell like sodas and candies.
With her loan, Amparro hopes to improve her business. She would like it to grow little by little. Before she opened her food stand, Amparro sold bread “ambulante,” which means while walking around the streets. Amparro, 48, is single with three children. All three are still in school. She has been working with CEPRODEL for two years. This is her fourth loan with 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.