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Angélica Maria
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Angelica O. is a very determined woman with a strong desire to improve herself. Amazingly, 40 long years ago she started her business making and selling tortillas in a section of the central market of Chinandga. She started with little capital that she invested on her own to purchase a wooden table for making tortillas. Nowadays her greater need is to purchase corn for making the tortillas.


Angelica has completed loans with Ceprodel (8 loans) and according to her account, they have given her of a lot of benefit in that she has acquired larger quantities of materials for making tortillas. In addition she has bought beans to prepare and sell in her own location.


Translated from Spanish by B, Kiva Volunteer.



Angelica O. es una dama muy esforzada y con un gran espíritu de superación personal. Sorprendentemente, desde hace 40 largos años inició su negocio de elaboración y venta de tortillas en un tramo del mercado central de Chinandga. Inició con poco capital que lo invirtió de manera personal para la compra de una mesa de madera para elaborar las tortillas. Hoy en día su mayor necesidad es la adquisición de maíz para la elaboración de las tortillas.


Angélica ha realizado créditos en Ceprodel (8 créditos) y según cuenta, le han sido de mucho beneficio por el hecho de que ha adquirido mayores cantidades de materia prima para elaborar las tortillas. Además ha comprado frijoles para prepararlos y venderlos en su propio local.


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
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,046,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Angélica Maria to buy ingredients to make tortillas.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 11, 2008
Listed
Jan 28, 2008
Currency Exchange Loss:
N/A
Ended:
Aug 12, 2008