Señora Juanita Damaris D. is a client with two years of experience with this institution, where she has been financed for the purchase of livestock. In this case, she is applying for a loan for the purchase of four young bulls, with the goal of generating income at the end of the rainy season and therefore improving the family economy.
La señora Juanita Damaris D. es una clienta con 2 años de experiencia con esta institución, donde se le ha financiado para la compra de ganado. En este caso esta solicitando un crédito para la compra de 4 novillos con el objetivo de generar ingresos al final del periodo de invierno y por ende mejorar la economía familiar.
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.