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Maria  Auxiliadora
View original language description ↓
Maria Auxiliadora started her business with a loan that she took out along with her mother, who she accompanies every day to sell oranges in an open air market, starting very early in the morning.


As time went on and because this business has allowed her to support her family, she decided to ask for a loan from CEPRODEL. So far she has been able to put a small stand in the market, although not in very good condition, but at least it has allowed her some shelter during inclement weather.


Although she currently has a small area in the market with a plastic tarp overhead, she hopes one day that the condition of her stand will improve and that her children will be able to attend school.


The financial support of CEPRODEL has been the economic pillar that has allowed for the development of her business, and for improvement to the quality of life of her family, and she hopes that conditions at her stand will improve little by little.


Translated from Spanish by Molly Puglisi, Kiva Volunteer.


La señora Maria Auxiliadora inicia este negocio con un préstamo que hace en conjunto con su señora Madre a quien acompañaba todos los días a vender las naranjas desde muy tempranas horas a la intemperie.


En el transcurso del tiempo y por medio de ayuda financiera ya que este negocio le ha permitido el sustento de su familia decide solicitar prestamos en CEPRODEL y hasta la fecha ha logrado tener un pequeño local en el mercado aunque no tiene buenas condiciones pero por lo menos le ha permitido tener un techo en donde soporta las inclemencias del tiempo.
Aunque actualmente tiene un pequeño tramo en el mercado con techo de plástico no pierde la esperanza en que algún día las condiciones de su local se mejoren y sus hijos puedan asistir al colegio.


Considera que el apoyo financiero de CEPRODEL ha sido el pilar económico que la ha permitido el desarrollo de su negocio y a mejorar la calidad de vida de su familia y espera ir mejorando las condiciones de su local poco a poco.

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
  • 163
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Maria Auxiliadora purchase of merchandise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 12, 2008
Listed
Dec 29, 2007
Currency Exchange Loss:
N/A
Ended:
Jun 13, 2008