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Eulogio
View original language description ↓
Eulogio is a single father of two children. He works hard to offer them education, food, and all their needs. The business he works at is a general store which he has been developing since he was very young, at the market of Bisne in the city of Chinandega. The business started when he went through a bad financial crisis, and he tells us that it was very difficult because he had no idea how he was going to be able to support his children, and that is why he decided to invest in this business.


With the experience he acquired with time, his business grew stronger, and in this way he has been able to support his household. He has been working with CEPRODEL for a year and a half, and in this time he has been given a total of 10 loans that he has used to invest in products to sell. His need is the urgency to invest in buying merchandise.

Translated from Spanish by Eliana Colunga, Kiva volunteer.





Eulogio es padre soltero y con dos hijos que lucha por brindarles su educación, alimentación y todas las necesidades. El negocio al que se dedica es una pulpería que desde muy joven la ha venido desarrollando en el mercado el Bisne de la ciudad de Chinandega. El negocio lo comienza cuando atraviesa una fuerte crisis económica y nos dice que fue muy duro ya que no tenia idea de cómo iba a mantener a sus hijos por lo que decide invertir en este negocio.


Con la experiencia que fue tomando con el tiempo, el negocio lo fue fortaleciendo, y de esta manera ha podido suplir las necesidades del hogar. Actualmente trabaja con CEPRODEL desde hace 1 año y medio el cual le ha otorgado un total de 10 créditos que han sido utilizados en la inversión de los productos para su comercialización. Su necesidad es la urgencia de invertir en el negocio por medio de la compra de los productos.

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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $450 helped Eulogio buying merchandise (Compra de mercadería).
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 13, 2008
Listed
Jan 30, 2008
Currency Exchange Loss:
N/A
Ended:
Aug 14, 2008