Maribel Del Socorro
More information about this loan
This loan is part of CEPRODEL's program for young Nicaraguans, ages 18 to 29, who belong to solidarity groups. Within these groups, everyone either works together on the same business or runs a separate small business. These loans are targeted to low-income clients with special focus on single women living in and around the city of Chinandega. For borrowers starting new businesses, CEPRODEL waives its requirement that recipients have over one year of experience in the field. CEPRODEL partners with an Italian NGO to offer a business training program for recipients. By supporting this loan, you are helping young entrepreneurs who have limited access to credit.
About CEPRODELThis 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.
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Success!! The loan was 100% repaid