Mrs. L. A. sells her refreshments in a kiosk located on the outskirts of a high school. She needs the loan from CEPRODEL (Kiva’s field partner) to increase her inventory of products and in this way get more income for her home.
She is a mother to 5 children, all live with her and she tells us that the loans with CEPRODEL have helped her improve her way of life.
La señora L. A. realiza sus ventas de bebidas en un quiosco situado en las orias de un colegio de secundaria ella solicita el crédito a CEPRODEL para aumentar su inventario de productos y de esta manera generar mas ingresos al hogar.
Ella es madre de 5 hijos los cuales viven con ella nos dice que los créditos con CEPRODEL la han beneficiado mucho para mejorar sus condiciones de vida.
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.