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Félix Álvaro
Félix is a fighting man; from a young age he has enjoyed the business that he started with few products. Now in its 21st year, his small grocery store is very solid in its level of inventory as it has different types of products that his customers demand.

Félix is married and his family unit consists of five people who all help with running the business and also study.

Now Félix wants to take advantage of the business opportunities of the holiday season. For this reason he approached CEPRODEL to ask for financing that he will use to buy rice, sugar, oil, beans, semolina, Maseca corn flour, flour, soap, toilet paper, tomato sauce, sodas, chicken, cheese, eggs, Ace detergent, bleach, coffee, toothpaste, etc. He needs these products to meet the demand of his customers and by selling them he will improve his living conditions.
View original language description ↓
Félix es un hombre luchador, desde temprana edad le ha gustado la actividad comercial de la cual inicio con poco productos, actualmente con los 21 años de tener dicha actividad hoy tiene un pulpería bastante solida en cuanto a su nivel de inventario el cuenta diferentes tipos de productos que demanda la clientela, es casado, su núcleo familiar cuenta con 5 personas las cuales colaboran con la actividad del negocio y también se dedican a sus estudios, actualmente este señor quiere aprovechar la oportunidad de negocio por las fechas navideñas por tal razón se presento a ceprodel para solicitar un financiamiento el cual lo utilizaría en la compra de arroz , azúcar, aceite, frijoles, semolina, maseca, harina, jabón , papel higiénico, salsa de tomate, gaseosas, polla, queso, huevos, ace, cloro, café, pasta dental etc. para satisfacer la demanda de su clientela el cual le vendría a mejorar las condiciones 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

  • $3,636
    Average annual income
  • 137
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 25.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Félix Álvaro to buy rice, sugar, oil, beans, semolina, Maseca corn flour, flour, soap, toilet paper, tomato sauce, sodas, chicken, cheese, eggs, Ace detergent, bleach, coffee, toothpaste, etc.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2013
Listed
Jan 14, 2014
Currency Exchange Loss:
Possible
Ended:
May 29, 2015