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Juana Aracelly
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Food sales is a very popular business in the Somotillo neighborhood due to the fact that there are a lot of food vendors where the customers can choose according to their taste. For Mrs. Juana A., this is not a problem because she is known as an excellent cook who prepares foods for all preferences, for her customers’ maximum enjoyment.


Despite this situation, Juanita runs into the problem of insufficient funds to purchase the raw materials to make her dishes. For this reason she is requesting Ceprodel’s help to take out a loan which would give her the opportunity to purchase food. In this way, she can continue to sell her dishes, as she is always looking for a way to keep her loyal neighborhood customers satisfied.



Translated from Spanish by Laura Westin, Kiva volunteer.




La venta de comida es un negocio muy popular en el municipio de Somotillo por el hecho de que existen muchas ventas de alimentos en la que el cliente puede escoger según sea su gusto. Para la señora Juana A. este no es una problemática debido a que ella se ha caracterizado por ser una excelente cocinera que prepara los alimentos con todo el gusto para que sus clientes los disfruten al máximo.


A pesar de esta situación, Juanita atraviesa la problemática de la insuficiencia económica para adquirir su materia prima para elaborar los alimentos. Es por este motivo que ella busca apoyo en Ceprodel para obtener créditos que le den la oportunidad de adquirir los alimentos y de esta manera continuar con la comercialización de ellos buscando la manera de mantener siempre satisfecha a su fiel clientela en su municipio.

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
  • 111
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,000
    Funds lent in using Kiva
  • 19.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Juana Aracelly purchase ingredients for her dishes.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 28, 2008
Listed
Apr 13, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009