María is one of the beneficiaries of these loans. It allows her to carry out her activity. That is why she visited the Ceprodel offices to make her application. The loan will be used to buy sandals and shoes. This is for a side activity, since her profession is that of an elementary teacher. Her activity as a merchant is done with the objective of improving her condition and quality of life. Her salary doesn't cover all of her household necessities, so she is seeking these credit alternatives. This way, her low salary becomes productive because she can pay off the loan with it. This gives her the opportunity to stock her business inventory and grow some more. She is single and is raising a grandson. María is grateful to Ceprodel for the support that she needed so much and for the opportunity to do what she wanted so much, increasing her inventory and achieving what she wanted.
La señora María es una más de las beneficiadas con dicho crédito, el cual le permite efectuar la actividad planteada, por eso visito las oficinas de ceprodel para plantear su necesidad, ya que dicho crédito sería utilizado en la compra de Sandalias y Zapatos, Actividad Anexa a su profesión como es la de Maestra de Educación Primaria, dicha actividad comercial la ejerce con el objetivo de mejorar sus condiciones y nivel de vida, ya que el salario no le cubre el total de las necesidades del hogar, entonces buscan estas alternativas de financiamientos y de esa manera el bajo salario lo vuelven productivo ya que las obligaciones financiera las paga con su salario y le da la oportunidad de abastecer su inventario de su negocio y crecer a un mas, ella es soltera únicamente con un nieto a su cargo, la señora María le agradece a ceprodel por el apoyo que tanto lo necesitaba y la oportunidad misma de poder realizar lo que tanto deseaba como es de incrementar su inventario y poder lograr lo deseado.
More information about this loan
This loan is part of CEPRODEL's program to lend to individuals who suffer from work-related health problems. These individuals are frequently rejected for loans by microfinance institutions due to poor health and low income. CEPRODEL is offering loans to these clients and their families for a range of purposes, including working capital to help them start or grow small businesses. For borrowers starting new businesses, CEPRODEL waives its requirement that recipients have over one year of experience in the field. Given the relatively higher risk of lending to these borrowers, CEPRODEL would not be able to offer these loans without the flexible, risk-tolerant capital provided by Kiva lenders.
Please note that the faces of CEPRODEL borrowers may be blurred in an effort to avoid safety risks and to maintain their privacy.
About CEPRODELThis 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.
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