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Juan Edgar
Edgar is an enterprising man because due to his age and the lack of employment opportunities he started his own business that has now been in operation for 10 years and is well established in the marketplace. His economic activity is roasting peanuts that he buys from people who gather up the harvest leftovers. He’s married and has two children that he provides unconditional support as a father. His wife and daughter have another business selling clothes in Managua which is an additional source of income.

He currently urgently needs to buy raw materials that’s becoming available around this time to store it and remain stable and continue to supply the market he visits weekly. Because of this, he’s seen fit to visit Ceprodel to request financing to buy 30 quintals of peanuts that will increase and stabilize his production because he sell it packaged in small bags with added flavors. In this way he will improve his living conditions and his standard of living.
View original language description ↓
El señor Edgar es un hombre emprendedor, ya que con la situación de edad y poco oportunidad de empleo creó su propia Micro Empresa , de la cual ya tiene 10 años de funcionamiento y actualmente mantiene el mercado establecido, ya que su actividad económica es el Hornear maní que compra a los recolectores de Residuos de cosecha que queda en el campo, es casado con 2 hijos a los que le brinda el apoyo incondicional como padre, también su esposa con su hija tienen un negocio de venta de Ropa en Managua como otra alternativa económica.


Actualmente este señor tiene la urgencia necesidad de comprar materia prima la cual está saliendo en esta fecha y almacenar dicho producto para permanecerse estable en el abastecimiento del mercado del cual tiene que viajar semanal, por eso visito a ceprodel para solicitar financiamiento para utilizarlo en la compra de 30 qq de maní, el cual le vendrá a incrementar y estabilizar su producción ya que lo vende empacados en bolsitas pequeños con algunos aditivos de sabores, y de esa manera mejorar sus 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

  • $4,800
    Average annual income
  • 131
    View loans »
    Nicaragua Loans Fundraising
  • $24,575,325
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Juan Edgar to buy 30 quintals of peanuts.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2012
Listed
Jan 7, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013