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Maria Isabel
View original language description ↓
Selling food is a very common business in the city of León, Nicaragua. There is a lot of competition and the great majority of places that sell food are of excellent quality. Conscious of this, Mrs. María Isabel Millón has dedicated herself to the job for the past 30 years in order to support her son. Through this work María has been able to pay for her son's schooling and his home needs.


She began the business with 4,000 córdobas (approximately $200 dollars), and she has worked with Ceprodel in order to obtain loans that have greatly benefited her locale. Through these loans María has increased her earnings and purchased raw materials in larger volume in order to make food. As of date she has repaid 14 previous loans through Ceprodel.

Translated from Spanish by Debra Faszer-McMahon, Kiva Volunteer.


La venta de comida es un negocio muy común en la ciudad de León ya que existe mucha competencia y la gran mayoría de los lugares donde se vende la comida son de excelente calidad. Consiente de esto, la señora Maria Isabel M. se dedica desde hace 30 años a este negocio para apoyar a su hijo en las necesidades del hogar y el pago de los estudios


Inició su negocio con un capital de C$ 4000 (Cuatro mil córdobas) y ha trabajado con Ceprodel obteniendo créditos que han beneficiado grandemente su negocio por lo que ha aumentado sus ganancias y adquirido mayores volúmenes de materia prima para elaborar los alimentos. Actualmente su record crediticio es de 14 créditos con Ceprodel

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
  • 60
    View loans »
    Nicaragua Loans Fundraising
  • $23,441,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $325 helped Maria Isabel to purchase ingredients for making food.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 18, 2008
Listed
Feb 4, 2008
Currency Exchange Loss:
N/A
Ended:
Oct 28, 2008