In the city of Somotillo in the neighborhood of Las Colinas, señora Yojana Lisbeth Ríos sells her products (various clothing items) at her location in the city market in the area. She wants this credit to be able to buy clothing and to increase her inventory so she can earn more income for her family and improve their living conditions. She tells us that the loans she has received from Ceprodel have benefitted her, and with them, she bought her location in the market that she uses to sell her products. She has also used her loans to fix up this location.
En el municipio de Somotillo barrio las colinas la señora Yojana Lisbeth Ríos M. realiza la venta de sus productos (ropa Variada) en su tramo ubicado en el mercado municipal de esa localidad. Ella quiere el crédito para comprar ropa variada y así aumentar su inventario de mercadería y de esta manera agrandar su s ingresos familiares y mejorar sus condiciones de vida de ella y la de su familia.
Ella nos dice que los crédito que ha recibido de CEPRODEL la ha beneficiado ya que con ellos compro el tramo que hoy utiliza para vender sus productos y también lo acondiciono.
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.