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Nora María
Señora Nora María Osoria lives in the city of Leon in Nicaragua and has sold footwear at the La Terminal market for the past eight years.

During this time she has been able to improve her situation by investing more in her business. Through a lot of hard work and effort she has been able to come out ahead. It is important to highlight that the reason she has requested a loan from Ceprodel is so that she can purchase more shoes to replenish her inventory, which is nearly depleted.
View original language description ↓

La señora Nora María O. es una dama del departamento de León en Nicaragua el cual se dedica a vender calzados en el mercado La Terminal donde tiene ocho años de desempeñarse en esta actividad.

Actualmente ha logrado mejorar su situación porque ha iniciado a invertir más en su negocio y con mucho esfuerzo ha logrado salir adelante. Es importante destacar que la razón por la que ella ha solicitado el crédito en Ceprodel es para la compra de los calzados ya que requiere dicha compra porque se le están agotando y es de necesidad adquirirlos para ofertarlos y de esta manera no gana posicionamiento la competencia de la señora O..

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

  • $4,800
    Average annual income
  • 127
    View loans »
    Nicaragua Loans Fundraising
  • $24,553,900
    Funds lent in using Kiva
  • 20.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Nora María to purchase footwear.
100% repaid
Repayment Term
4 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 29, 2009
Listed
Mar 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009