Patricia S. is from the town of El Sauce. Gradually, she has been expanding her business which consists of making and selling confections. Her business is located in her home. Patricia has fought together with her five children to get ahead. She has been working with CEPRODEL for two years and she received three loans which she has used to purchase construction materials with the objective of finishing construction on her home.
Doña Patricia S. es originaria del municipio de El Sauce, poco a poco ha ido creciendo en su negocio el cual consiste en la elaboración y venta de repostería la cual la tiene ubicada en su casa de habitación donde ha luchado en conjunto con sus cinco hijos para salir adelante. Tiene dos años de trabajar con ceprodel donde le han otorgado tres créditos para la compra de materiales de construcción con el objetivo de terminar de construir su vivienda.
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.