For fifteen years Mr. G. Baquero has been running an ice-cream parlor in his own house and another one in the central park of the town of Masaya. Right now the only person depending on him is his mother, who is diabetic: through his activity he is able to buy her medicines. He asked CEPRODEL for a new loan in order to take advantage of the national holiday’s season and earn some more money to provide for his family.
El señor G. Baquero tiene quince años de tener un negocio de sorbetería en su casa de habitación y otro en el parque central de Masaya, actualmente a la unica persona que tiene a su cargo es a su mamá quien padece de azúcar y él le provee de todos sus medicamentos por medio de este negocio, este señor se acerca a CEPRODEL a solicitor nuevamente crédito para aprovechar la temporada de las fiestas patrias y así generar un poco más de ganancia para la manutención de su familia.
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.