Fredy O. is well known in the central market in León in his business selling drinks like sodas, juices, and water, which he markets with much effort and dedication as a street vendor and on his bike. The reason Fredy O. has looked for the support of Ceprodel, a Kiva partner, is to receive a loan which will allow him to buy these drinks. For this he hopes his loan will be granted so he can offer the quality of life necessary for his family.
Fredy O. se destaca en el Mercado Central de la ciudad de León en su negocio de venta de refrescos como lo son gaseosas, jugos y agua los cuales él mismo comercializa con mucho esfuerzo y con dedicación ambulantemente por las calles de dicho mercado y en su bicilceta.
La razón por la cual el señor Fredy O. ha buscado el apoyo en Ceprodel es para ser beneficiado con un crédito que le permita la compra de las bebidas y por esto espera muy confiadamente en que su crédito sea otorgado y así bridar las condiciones de vida necesaria a su familia.
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.