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Raquel
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Raquel R. has worked selling household furniture for 20 years. She is a single mother with two children who are both in primary school.


She stands out as a hard-working mother, who is always working in her business and has also struggled to invest in it. The fact that she is a single mother does not mean that she cannot support her children because although she has been through financial difficulties, she has been able to give her children a good education.


CEPRODEL has given Raquel R. great support with 20 loans over the past three years which have permitted her to invest more in her business, acquire new furniture and at the same time support her children who are in school.

Translated from Spanish by a Kiva volunteer.



La señora Raquel R. desde hace 20 años se dedica a la venta de muebles para el hogar. Es madre soltera con dos hijos a su cargo de los cuales ambos cursan sus estudios de primaria.


Se ha destacado por ser una mujer muy esforzada, siempre está trabajando en su negocio y además se ha preocupado por invertir en el. El hecho de que sea madre soltera no significa que no pueda mantener a sus hijos ya que a pesar de la difícil situación económica que atraviesa, ha podido brindarles los estudios a sus pequeños.



Ceprodel ha apoyado grandemente a la señora R. otorgándole 20 créditos desde hace 3 años los cuales la han beneficiado de tal manera que ha invertido mas en su negocio con la adquisición de nuevos muebles y a la vez ha logrado mantener a sus hijos en la escuela.

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
  • 65
    View loans »
    Nicaragua Loans Fundraising
  • $23,485,000
    Funds lent in using Kiva
  • 18.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Raquel purchase of merchandise.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 10, 2008
Listed
Dec 27, 2007
Currency Exchange Loss:
Covered
Ended:
May 11, 2008