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Modesta Mercedes
In the wholesale market of Managua Modesta Q. has been working in the sale of clothing and shoes, her merchandise has sold out recently and as a result she needs to invest in purchasing more product, she has approached Ceprodel with the purpose of making this purchase and keep selling products to her clients.

She hopes to be granted the loan because her dream is to advance her economic conditions, she is a single mom but has great hopes to improve and support her home.
View original language description ↓
En el Mercado Mayoreo en Managua, la señora Modesta Q. se ha dedicado a la venta de ropa y calzados pero actualmente se le ha agotado su mercadería por lo que requiere volver a invertir en la compra de la ropa y del calzado y para ello ha acudido a Ceprodel con el fin de realizar dicha compra y así vender sus productos a los clientes.

Espera ser beneficiada con el crédito ya que sus sueños son mejorar sus condiciones económicas debido a que es madre soltera pero con el gran deseo de superar y llevar el sustento a su hogar.

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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,383,800
    Funds lent in using Kiva
  • 21.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Modesta Mercedes buy clothing and shoes merchandise.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2010
Listed
Sep 17, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010