Consider that CEPRODEL's financial aid will be a determining factor in furthering his business. He currently has a small area in the market with a plastic roof and no walls. He hopes that through this loan from CEPRODEL he'll be able to improve his life daily.
Translated from Spanish by Lizella West, Kiva volunteer.
El Sr. M. A. se dedica a la venta de relojes, candados, revistas, anteojos para el sol en fin productos de bisutería ejerce esta actividad desde hace ya 16 años.
Considera que el aporte financiero que la ha brindado CEPRODEL ha sido un factor determinante en el desarrollo de su negocio actualmente tiene un pequeño piso en el mercado con techo de plástico no tiene paredes pero tiene la esperanza de que por medio de los financiamientos de CEPRODEL mejorar día a día.
About CEPRODELThis 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.
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