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Petrona
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Petrona C. has been running her grocery business for more than nine years in Somotillo, Chinandega. She started her business with little economic resources and little stock. However, thanks to her hard work she has been able to invest in the purchase of stock which she can then sell.


She is a mother to a young child, for whom she has to provide for, and at the moment she is unable to buy stock to sell. This is why she has come to Ceprodel for financial support, in order to continue earning an honest living, running her business.



Translated from Spanish by Lucy Williams, Kiva volunteer





Petrona C. se dedica desde hace más de nueve años a su negocio de pulpería el cual atiende muy amablemente en su municipio de Somotillo de la ciudad de Chinandega. Inició su negocio con pocos recursos económicos y con poca mercadería sin embargo a medida que sus esfuerzos se han venido intensificando ha logrado mejorar invirtiendo en la compra de los productos para ofertarlos.


La necesidad que esta dama atraviesa es que por ser madre de un pequeño hijo, debe llevarle el sustento y hoy en día no cuenta con el recurso económico para comprar su mercadería. Por esta razón es que busca el refugio en Ceprodel para obtener el crédito y de esta manera continuar con el mantenimiento de su humilde hogar de habitación.

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
  • 176
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 19.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Petrona to purchase stock.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 6, 2008
Listed
Jun 21, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009