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Josefa Elena
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Before starting this business, Mrs. U. worked as a bookkeeper for a local hardware store. When the store ran into financial problems, she was left out of work and her family with the earnings of her husband. She decided, then, to start her own business so that she could help with household expenses. When she was unemployed, Mrs. U., seeking ways to set up a business, decided on coffee sales and began looking for a shop in the Terminal market where she now has a cafe.


Ceprodel has provided Mrs. U. with 19 loans which she has invested in her business and today she not only sells coffee but also light snacks like bread and pastries that sell very well thanks to Mrs. U.'s kitchen skills.


It's been sixteen years now and business has been excellent because she's her own boss and her hope is to continue expanding the business so that she can improve her quality of life.

Translated from Spanish by Jere Wiseman, Kiva Volunteer


Antes de iniciar con este negocio la Sra. U. se desempeñaba como contador de una ferretería de la ciudad, en cambio por la situación económica que atraviesa esta empresa, queda desempleada y sobrevive de los ingresos de su esposo, por lo que decide trabajar por si sola para ayudar a los gastos de su hogar como es su familia. Al estar desempleada la señora U. busca la manera de poner un negocio decidiéndose por la venta de café y para esto solicita un puesto en el mercado la Terminal logrando ubicar el cafetín donde se encuentra actualmente laborando.


Ceprodel le ha otorgado 19 créditos de los cuales los ha usado para invertir en su negocio de manera que hoy en día no solamente se encarga a la venta de café sino también de comidas livianas como pan y enmantecados que son muy vendidos por la habilidad que tiene la señora U. para cocinar.


Hasta la fecha tiene diecisiete años de estar establecida obteniendo buenos resultados ya que es dueña de su propio negocio y son sus deseos ir diversificando sus productos para obtener mejores niveles de vida.

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
  • 152
    View loans »
    Nicaragua Loans Fundraising
  • $23,167,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $250 helped Josefa Elena invest in cafe business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 5, 2008
Listed
Dec 22, 2007
Currency Exchange Loss:
N/A
Ended:
May 5, 2008