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Asunción De La Concepción
Mrs. Asuncion de la Concepcion S. started with small capital , her first loan of C$500.00, and used to offer her products as a traveling vendor. Her business has grown and she is now selling wholesale to universities and schools. This has been possible because of the loans given to her through CEPRODEL.

She utilized the present loan to buy the ingredients and side items necessary to prepare ‘platanitos’ and ‘yuquitas’ like plantains, cassava, oil, vinegar and firewood.
View original language description ↓
La Sra. Asunción de la Concepción S., inicio con pequeña cantidad y la comercializaba de forma ambulante en cambio hoy en día realiza las venta al por mayor en las Universidades y Colegios y su negocio ha crecido con créditos otorgados por ceprodel, cabe mencionar que ella inicio con un capital de C$500.00 el cual fue producto de préstamos,
Este crédito fue utilizado para compra de productos de elaboración de platanitos y yuquitas tales como: plátanos, yuca, aceite vinagres leña.

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
  • 119
    View loans »
    Nicaragua Loans Fundraising
  • $24,405,100
    Funds lent in using Kiva
  • 21.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Asunción De La Concepción to buy plantain, cassava, oil, vinegar.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011