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Norma Elena
Norma Elena owns a vegetable sales business that she has operated in a Leon market for ten years. She started the business to support her family. She is married and has a seven-year old daughter.

Doña Norma works from 4:00am to 3:00pm, Mondays to Sundays. She buys her produce at a wholesale market in Managua twice a week.

Doña Norma is applying for a CEPRODEL loan, part of which she will use to stock her vegetable sales business and the rest to stock a corner grocery that she operates from her house. The investment will allow her to provide more products to her customers at prices that they can afford. She wants, she says, to increase her income so that she can better provide for her family. For the future, she wants to grow her business.
View original language description ↓
La joven Norma Elena posee un negocio de venta de verduras en uno de los mercados de la ciudad de León, desde hace diez años, ella realiza esta labor para llevar el sustento a su familia que está compuesta por su esposo y su hija de siete años de edad.

Doña Norma se traslada a su puesto de trabajo desde las 4:00 am para abrir a las 5:00 am y cierra su negocio a las 3:00pm.Labora de lunes a domingo en este mismo horario Ella compra su producto a mayorista que viajan a la ciudad de Managua dos veces por semana.

El crédito que solicita a CEPRODEL lo quiere para comprar al por mayor granos básicos para ser comercializados en su negocio, también tiene en su casa de habitación una pulpería, que también quiere invertir además de la venta de verduras para así poder ofrecer a sus clientes una variedad de productos y precios más accesibles para satisfacer la demanda, lo cual tendría mayores ingresos para mejorar el nivel de vida tanto de ella como de su familia. Su sueño es que crezca su negocio.

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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $24,544,375
    Funds lent in using Kiva
  • 23.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Norma Elena to stock her food sales business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2012
Listed
Sep 8, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013