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Alvaro José
In The Terminal Market, in the city of Leon, Nicaragua, Mr. Alvaro C. sells vegetables. His specialty is the sale of tomatoes. He has been successful with this, in spite of the fact that the selling conditions are not optimal. He has set up some shade to protect the merchandise from the sun, and this has helped him with his sales.

One of the main factors in his success is the support he has received from the Ceprodel agency, which up until now has made him 14 loans, all of which have been repaid successfully. He now is requesting an additional working capital loan, to allow him to buy more tomatoes wholesale and thus continue his business.
View original language description ↓

En el mercado La Terminal de la ciudad de León, el señor Alvaro C. se dedica a su negocio de venta de verduras siendo su especialidad la venta de tomates el cual posee en su propio establecimiento que a pesar que no posee las condiciones necesarias por estar a la intemperie ha logrado salir adelante poniendo una sombría para cubrirse del sol y asi aprovechar sus ventas.

La razón por la cual el señor Alvaro ha logrado salir adelante en el negocio es gracias al apoyo de Ceprodel el cual le ha brindado un total de 14 créditos que los ha sabido aprovechar satisfactoriamente. Hoy en día solicita el crédito para la compra de los tomates y de esta forma continuar en su negocio.

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
  • 172
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,250
    Funds lent in using Kiva
  • 20.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Alvaro José purchase of tomatoes for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2009
Listed
Feb 28, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009