Check out some available loans that are similar to this one!
Felix Alvaro
Félix is an exemplary man from a community in León Department. He’s married and has a daughter whose academic development he fully supports. He’s a merchant and small producer. His most important economic activity is a home-based grocery store that has reached the level it has to date thanks to much effort and small loans. He is asking Ceprodel for a loan to increase inventory and take advantage of the business opportunity the Christmas season represents. He will buy the most basic things like beans, rice, oil, sugar, semolina, flour, soap, etc. since it’s also useful to improve his living conditions and standard of living.
View original language description ↓
EL Señor Félix, es un Hombre ejemplar, de una comunidad del departamento de león, es casado con una hija la que goza de todo el apoyo para su desarrollo académico, este señor es comerciante y pequeño productor, su actividad económica más importante es la pulpería que tiene en su casa de habitación, la que con muchos esfuerzos y con pequeños financiamientos ha logrado el nivel que hoy tiene, este señor solicita a ceprodel un financiamiento para incrementar su inventario y lograr la oportunidad de negocio como es en estas fiestas navideñas, ya que el mismo lo utilizaría en la compra de lo más básico como es frijoles, arroz, aceite azúcar, semolina, arina jabon etc; Ya que también le viene a mejorar las condiciones y nivel de vida.

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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $23,828,900
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Felix Alvaro to buy stock merchandise for his store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014