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Alvaro Jesus
Álvaro is 28 years old, married, and has a school-aged son. He lives in Chichigalpa, a place in eastern Nicaragua, known for its sugar cane and sugar production. It’s also one of the hottest parts of Nicaragua.

Álvaro has a soft drink business in his home. He used the money from CEPRODEL and Kiva toward his soft drink business. The crews from the Ingenio San Antonio Company go to cut sugar cane near his home. His wife manages the business because he is incapacitated because of illness and has chronic kidney problems, so he had to stop working due to his health.

He started the business with a loan he got through CEPRODEL and thanks to it, he is able to continue developing his sales a little at a time, while serving more of the field workers.
View original language description ↓
El joven Álvaro tiene la edad de 28 años, es casado y tiene un hijo el cual está en edad escolar, vive en el municipio de Chichigalpa un lugar al oeste de Nicaragua conocido por su producción de caña y azúcar, además de ser uno de los lugares más caliente de Nicaragua.
El joven Álvaro cuenta con negocio de venta de refrescos en su casa de habitación, los fondos que se le facilitaron en la institución Ceprodel y Kiva fueron destinados precisamente para continuar trabajándolos en su venta de refrescos ya que cerca de donde ellos viven llegan la cuadrilla de trabajadores de la empresa Ingenio san Antonio a cortar caña, el negocio lo maneja su esposa ya que el nos manifestaba que está incapacitado por motivos de su enfermedad ya que presenta insuficiencia renal crónica y por tal razón dejo de trabajar y es debido a su estado de salud que su esposa es la que maneja el pequeño negocio.
El negocio lo inicio con el crédito que le fue facilitado por Ceprodel y es gracias a estos préstamos que el continua desarrollando poco a poco su venta de refrescos atendiendo a más trabajadores del campo.

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
  • 59
    View loans »
    Nicaragua Loans Fundraising
  • $23,422,650
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Alvaro Jesus to buy ingredients.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2012
Listed
Dec 6, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013