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María Cristina
María Cristina V. H. is a merchant from the municipality of Condega and makes a living baking and selling bread. She plans to use the loan to purchase ingredients such as flour and sugar to expand her business. She started baking bread in small quantities and while she was getting to know the trade she was growing her clientele until her business grew to where it is today. María started the business approximately 15 years ago, and she works Monday through Saturday from 6 a.m. to 5 p.m. Her son's wife helps her with the work daily. She hopes that with the loan she can increase her production to cover nearly her entire market. María is single and has two children who are still in school, which she pays for. This is her 10th loan over a period of seven years, and the loans have helped her successfully make headway with the business since the ingredients can get expensive. She is grateful for the support Kiva partner Ceprodel has given her.
View original language description ↓
La Sra. María Cristina V. H. es comerciante del municipio de Condega y se dedica a la fabricación y venta de pan.

Ella va a utilizar el crédito que solicita con nosotros para la compra de materia prima como es la haría, azúcar, etc. Con esto pretender ala ampliación de su negocio y por ende aumentar la oferta.

Ella empezó haciendo pan en pequeñas cantidades y a medida que iba dando a conocer este producto iba aumentando la clientela hasta que su negocio creciera hasta como esta en la actualidad.

La Sra. María Cristina Comenzó este negocio aproximadamente hace unos 15 años. Ella trabaja todos los días de lunes a sábado desde las 6 de la mañana hasta las 5 de la tarde, cabe señalar que esta señora siempre se ha dedicado a esta labor y le ayuda en las labores diarias la esposa del hijo.

Ella espera que con el financiamiento aumente su producción ara lograr cubrir su mercado casi en su totalidad.

La Sra. María Cristina V. es soltera y tiene 2 hijos en edad escolar a los que les costea sus gastos escolares.

Este es el crédito número diez que Doña María Cristina Solita en un periodo de siete años. Ella argumenta que estos financiamiento le han ayudado a sacar adelante dicho negocio con éxito ya que la situación a encarecido la materia prima, por lo que se muestra agradecida por los financiamiento que Ceprodel le ha hecho.

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
  • 86
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 20.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped María Cristina purchase ingredients (corn, flour, sugar, lard, etc.).
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 4, 2010
Listed
Apr 1, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011