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José Ernesto
José Ernesto is a merchant and also repairs bicycles. He sells bicycle parts and accessories from his shop on the west side of the local market. His brother helps him do repairs and wait on customers in the shop all day. He buys the parts once a month in the market in the capital.

Ernesto needs financing to buy inventory and invest in his business to earn better profits and be able to meet household expenses. He is married and the father of two school-age, minor children. Thanks to a loan, he owns his house and is investing in it. He likes working with the institution because the loans have been very helpful. He is modest and works hard for his family's well being.
View original language description ↓
El Sr. José Ernesto es comerciante, también presta el servicio de reparación de bicicleta, su actividad comercial es venta de repuestos y accesorios para bicicleta, tiene un tramo en el costado oeste del mercado municipal, le ayuda a realizar las reparaciones y atender a sus clientes un hermano que pasa todo el día con él en el tramo. La compra de los repuestos los realiza una vez al mes en el mercado de la capital.
El sr. Ernesto necesita un financiamiento para invertirlo en su negocio compra de mercadería para así obtener mayor utilidades y poder sufragar los gastos de su hogar.
Es casado, tiene dos hijos menores de edad en edad escolar.
Tiene casa propia gracias a los financiamiento que se le han otorgado y ha ido invirtiéndolos en su casa. Se siente muy bien trabajar con nosotros ya que le han servido muchísimo los créditos que se le han financiado.
Es una persona humilde y luchadora para su bienestar y el de su familia.

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
  • 128
    View loans »
    Nicaragua Loans Fundraising
  • $24,050,675
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped José Ernesto to buy bicycle parts such as tires, frames, chain, rims, and bearings.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 19, 2013
Listed
Jan 6, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014