Edda P. works as the administrator of the Niquinohomo Public Library, where she earns a salary that allows her to support her 2 young children and also pay school fees for one of them. She is a single mother and through much effort she has been able to provide for her children. She approached Ceprodel to request a loan to buy her daughter’s school supplies and uniform.
La señora Edda P. trabaja como Responsable de la Biblioteca Pública de Niquinohomo en el cual se gana un salario que le permite mantener a sus 2 hijos menores y así poder pagarle el estudio a uno de ellos, es madre soltera y con mucho esfuerzo a logrado sacarlos adelante, ella se acercó a Ceprodel para solicitar un crédito y poder comprarles sus útiles escolares a su hija y el uniforme.
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.