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Maria Elena
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Mrs. Elena R. sells fast food which she prepares at home, then sells in her diner. Mrs. R. has had this business for 30 years, and this eatery is frequented by numerous patrons since it is located on a busy street in the city of León.


She has two children, one of whom is under her care, so she has to provide her with an education. For this reason, Mrs. R. so enthusiastically prepares the delicious meals that she offers for breakfast, lunch, and dinner.


Ceprodel has been giving her support with loans for a year, giving her the opportunity to invest in her business, increasing her profits, and improving her business space. She states that those loans have made a notable impact on her business because her profits have increased and her living conditions have improved. She is determined to continue with these loans that only Ceprodel provides her with.

Translated from Spanish by Elizabeth Casian, Kiva Volunteer.



El negocio de la Sra. Elena R. es la venta de comida la cual la prepara en su casa para después proceder a su venta en su local de habitación. La Sra. R. tiene 30 años de tener su negocio y este comedor es visitado por varios clientes ya que está ubicado en un acalle muy transitada de la ciudad de León.



Es madre de dos hijas de las cuales una de ellas esta bajo su responsabilidad y tiene el deber de brindarle los estudios, por este motivo es que muy esforzadamente la señora R. se dedica a preparar los deliciosos platillos para ofertarlos en el desayuno, almuerzo y la cena.



Ceprodel le brinda apoyo por medio de financiamientos desde hace un año dándole oportunidad para invertir en su negocio, aumentar sus utilidades y mejorar su infraestructura. Según indica, los impactos de estos créditos para su negocio han sido muy notables ya que ha aumentado sus ganancias y mejorado sus condiciones de vida por lo que está dispuesta a seguir con estos financiamientos que solo Ceprodel le brinda.



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
  • 137
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $650 helped Maria Elena purchase of fast food ingredients.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 15, 2008
Listed
Jan 31, 2008
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2009