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Alfredo Terencio
View original language description ↓
Alfredo Terencio is a single head of the household who has dedicated himself to making his business prosper through great effort. Approximately 6 years ago, he began his Wholesale Business, located in an open market. However, over the years he has improved the structure of his business.


CEPRODEL, Alfredo’s sponsor, in addition to giving him financial support, has also provided a solution to his economic struggles, and Alfredo feels happy and satisfied to work together. Thanks to this financial assistance he has been able to enclose his business, put in a hard floor (before it had a dirt floor), increase inventory and add to clientele.

Translated from Spanish by Debra Faszer-McMahon, Kiva Volunteer.


Alfredo Terencio es un hombre jefe de familia, soltero que se ha dedicado a hacer prosperar su negocio con mucho esfuerzo. Desde hace aproximadamente 6 años comenzo con su Distribuidora ubicada en un galeron abierto, sin embargo a medida que transcurren los años el ha ido mejorando la estructura de su local.


CEPRODEL mas que brindarle financiamiento, le ha otorgado una solucion a sus problemas financieros, y Alfredo se siente contesnto y satisfecho de trabajar en conjunto. Gracias a esta solucion financiera el ha logrado cerrar el local, colocarle piso ya que antes era de tierra, incrementar su inventario y aumentar su clientela.

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
  • 171
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,250
    Funds lent in using Kiva
  • 18.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Alfredo Terencio restock inventory.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 29, 2007
Listed
Nov 14, 2007
Currency Exchange Loss:
Covered
Ended:
Mar 29, 2008