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Arístides
View original language description ↓
Mr. Martinez A. dedicates himself to selling watches, padlocks, magazines, sunglasses, and imitation jewelry. He's been doing this for 16 years.



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.

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

  • $4,800
    Average annual income
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,832,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $275 helped Arístides to buy merchandise.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 12, 2008
Listed
Dec 29, 2007
Currency Exchange Loss:
N/A
Ended:
May 12, 2008