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Arturo Armando
View original language description ↓
Mr. Arturo F.' business is a cell phone repair shop located in his own locale outside of the market Santa Ana in the beautiful city of Chinandega. He started the business 3 years ago with a capital of one thousand dollars to buy the tools, displays, and set up his locale.


He started this business because he needed to marry his wife, and when their two children were born, he had the need to have his own profession that would yield the income necessary to support his household. This is the reason that Arturo acquired these spare parts and display cabinet to set up his business.


His greatest need right now is investing in his business (infrastructure), so he went to Ceprodel so he could benefit from loans, which will help him improve his locale and support his family. He has a record of 18 loans.

Translated from Spanish by Eliana Colunga, Kiva volunteer.





El negocio al que se dedica el Señor Arturo F. es a la reparación de celulares ubicado en un local propio en las afueras del mercado Santa Ana en la bella ciudad de Chinandega. Su negocio lo inicia hace 3 años con un capital de Un mil Dólares para la compra de las herramientas, vitrinas y acondicionamiento de su local.



Comienza este negocio por la necesidad de que al contraer matrimonio con su esposa y al nacer sus 2 hijos debia de tener un oficio propio que le brindara ingresos para su hogar. Por este motivo es que Arturo adquiere estos repuestos y vitrina para ubicar su negocio.


Su mayor necesidad actualmente es la inversión en su negocio (infraestructura) por lo que acude a Ceprodel para ser beneficiado con Créditos que le sirvan para mejorar su localidad y a la vez mantener su núcleo familiar. El tiene un record de 18 créditos.

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
  • 105
    View loans »
    Nicaragua Loans Fundraising
  • $23,723,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Arturo Armando cell phone repair (Reparación de celulares).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 19, 2008
Listed
Feb 4, 2008
Currency Exchange Loss:
N/A
Ended:
Aug 19, 2008