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Oscar Leonel
View original language description ↓
Mr. Oscar C. O. sells replacement parts and accessories for motorcycles at a store in the municipality of Condega of the city of Estelí. At a young age he showed interest on motorcycles and for that reason, three years ago Mr. C. O. began his business selling few parts. As time has passed, he has been able to sell larger quantities of replacement parts in the municipal region where he lives, which has improved his economic situation.


Ceprodel has been a key player on the development of his business since it has given Mr. C. O. three loans, that he used to acquire motorcycle replacement parts. Nowadays, one of his greater needs is the urgency to purchase more replacement parts in order to sell them. It is for that reason that he expects Ceprodel to provide him with another loan so he can continue to develop his business and thus, support his family .


Translated from Spanish by Antonella Sacconi, Kiva Volunteer.




La actividad económica del caballero Oscar C. O. es la venta de repuestos y accesorios para motocicletas teniendo su establecimiento en el municipio de Condega de la ciudad de Estelí. Desde muy joven ha tenido inclinación hacia las motocicletas y por este motivo comienza su negocio con pocos repuestos desde hace tres años pero a medida que ha venido transcurriendo el tiempo ha mejorado su situación vendiendo mayores cantidades de repuestos en su localidad.


Ceprodel ha sido uno de los ejes fundamentales para el desarrollo del negocio por el motivo de que le ha proporcionado créditos (3 créditos) que han sido utilizados por el señor Oscar en la adquisición de los repuestos para la motocicleta. Hoy en día una de sus mayores necesidades es la urgencia de la compra de los repuestos para comercializarlos. Es por este motivo que espera que Ceprodel le otorgue el crédito para continuar con su negocio y así sostener su núcleo familiar.

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
  • 86
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 19.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Oscar Leonel to Purchase Replacement Parts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 31, 2008
Listed
Mar 17, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009