In the neighborhood of Las Colinas in the town of Somotillo, Nelly Socorro L. A. works as a merchant in the Somotillo town market.
She tells us that this loan will be used to buy various wholesale merchandise such as rice, sugar, oil, beans, sweets, etc. This is the second loan that she has requested, and she tells us that the first loan allowed her to begin to supply her general store.
En el barrio Las colinas Municipio de Somotillo La señora Nelly socorro L. A. se desempeña como comerciante en el mercado municipal de Somotillo.
Ella nos dice que el crédito será utilizado para la compra de mercadería por mayor y variada como es arroz, azúcar, aceite, frijoles, golosinas etc.
Este es el segundo crédito que nos solicita y nos dice que el primeros créditos la beneficio para empezar a surtir su pulpería.
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.