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Armando José
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Armando C. is originally from the municipality of Condega. For three years he has had a business selling gasoline and diesel. To begin this business, he needed the permission of the local authorities, and once he had that he began by selling to a small number of customers, slowly growing his business and increasing his customer base.



To continue to be successful, Armando has requested loans from Ceprodel to invest in more fuel. With the income from his work he is able to take care of his wife and three children.





El caballero Armando C. es originario del municipio de Condega quien desde hace 3 años se dedica al negocio de venta de gasolina y diesel teniendo una pequeña maquina que le permite traspasar el combustible por medio de una manguera. Para lograr tener este negocio solicitó un permiso a las autoridades del municipio y al habérselo otorgado inicio con la venta del combustible con pocos clientes y a medida que el tiempo ha transcurrido ha venido incrementando su clientela y mejorando su actividad.


Para llevar a cabo su labor, el señor Armando C. ha solicitado créditos en Ceprodel para invertirlos directamente en la compra del combustible y de esta manera mantener a su esposa y sus tres hijos que son su núcleo familiar al que tiene la obligación de mantener.

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
  • 116
    View loans »
    Nicaragua Loans Fundraising
  • $23,803,950
    Funds lent in using Kiva
  • 19.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Armando José tO PURCHASE GASOLINE AND DIESEL FOR HIS BUSINESS.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 25, 2008
Listed
Mar 8, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009