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Ignacia Yolanda
View original language description ↓
Ignacia R. sells groceries such as oil, soap, pastas, detergents, brooms, shampoo, etc. She started her business 10 years ago in the market at the León bus station, with a small investment that she borrowed from a moneylender. Once she bought the first products, she worked hard to sell them and looked for a way to get out of debt and finish paying it off.


One of her needs is to invest in the purchase of groceries, and for this reason she has approached Ceprodel for loans (she has had 5 loans), which she invests directly in her business, and in this way she supports her home, which needs it so much.


Translated from Spanish by Molly Puglisi, Kiva volunteer.




Ignacia R. se dedica a vender productos de abarrotaría como aceite, jabón, pastas, detergentes, escobas, shampoo, etc.) Su negocio da inicio desde hace 10 años en el mercado la Terminal de León, con una pequeña inversión que los obtuvo por medio de un préstamo a un prestamista. Una vez que compró los primeros productos, muy esforzadamente los comercializó y busco la manera de cómo salir de esta deuda hasta acabarla.


Una necesidad que posee esta dama es que necesita invertir en la compra de los abarrotes y por esta razón es que acude a Ceprodel para ser beneficiada con créditos (Actualmente 5 créditos a su favor) que los invierte directamente en su negocio y de esta manera llevar el sustento a su hogar que tanto lo necesita.


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
  • 103
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $550 helped Ignacia Yolanda purchase products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 18, 2008
Listed
Feb 1, 2008
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2009