María is married, does not have children, and works as a secondary education teacher with 15 years of experience. She also has a business in her house which is the sale of shoes, disinfectants, and perfumes from the Avon line.
Since she is asking for financing, she went to the CEPRODEL office to benefit from a loan for the purchase of merchandise, since she already has her established market in the region where she lives.
María, es casada, no tiene hijos, se desempeña como maestra de educación secundaria con 15 años de experiencia, además tiene un negocio en su casa de habitación como es la venta de zapatos, desinfectante y perfumenes de la línea de Avon. Por lo que está solicitando un financiamiento y se acerco a la oficina de ceprodel para ser beneficiada con un crédito para la compra de estos antes mencionado, ya que ella ya tiene su mercado establecido en la comarca donde habita.
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.