Elena has had previous loans through our institution and has demonstrated her ability to repay. She runs a clothing business with the help of her daughter and she sells within her zone and also out of her home. She is requesting this loan in order to be able to offer a greater variety of merchandise and to buy displays to show her items.
La Sra. Elena tiene experiencia en crédito en esta institución ha demostrado capacidad de pago, ella con la ayuda de su hija, han dedicado al comercio, tienen un negocio de venta de ropa que distribuye en la zona y tiene su propio negocio en su casa,, ella está solicitando el crédito para surtir mas el negocio y comprar vitrinas para poner su venta,
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.