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Petronila Auxiliadora
Petronila lives in the department of Masaya, Nicaragua. She has had her own business for 13 years selling flowers for every occasion, and she also sells products such as hammocks, artisan vases, and other items. She is experiencing high demand because of the Christmas season, so she is turning to Kiva partner Ceprodel to request a new loan. Petronila wants to invest more in her business to meet demand and plans to use the loan to purchase hammocks, vases, fabrics and pretty flowers so she can continue offering the products. She says that thanks to the support from the loans she has been able to make headway with her business and has improved her family's quality of life, and she wants it to continue.
View original language description ↓
Doña Petronila reside en el departamento de Masaya. Ella tiene 13 años de tener su propio negocio de elaboración de flores para todo tipo de ocasión, aparte que ella también tiene su venta de productos como hamacas, artesanía en barro, entre otros. Por la temporada ella esta teniendo mas demanda por lo que se presentó a Ceprodel a solicitar un nuevo crédito.

La señora Petronila quiere invertirle más a su negocio para poder cubrir la demanda y por eso el crédito lo usará en la compra de hamacas, chinos, jarrones, tela, y las bellas flores para continuar ofertándolas.

Ella comenta que gracias a la ayuda brindada por Ceprodel por medio de los créditos, ha podido salir adelante en su negocio y ha dado una mejor calidad de vida a su familia y quiere continuar con esto

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
  • 92
    View loans »
    Nicaragua Loans Fundraising
  • $24,769,675
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Petronila Auxiliadora to purchase hammocks, vases, fabric and flowers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2011
Listed
Dec 13, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013