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María Estela
Mrs. María Estela O. sells personal products at her store, which she has owned for 20 years in the Central Market of Chinandega.

As in all business, her early beginnings were difficult but thanks to her dedication to her work she has succeeded. She hopes to receive a loan from Ceprodel to buy merchandise to sell and improve her living conditions. Her business has developed thanks to support from Ceprodel and this is the reason she continues to work untiringly.
View original language description ↓

La señora María Estela O. se dedica a atender su tienda de venta de productos personales que posee desde hace 20 años en el mercado central de Chinandega.

Como todo negocio, sus inicios fueron muy duros pero gracias a su dedicación al trabajo ha logrado salir adelante y es por esta razón que espera en que Ceprodel le brinde el apoyo crediticio para la compra de mercadería con el objetivo de ofertarla y mejorar sus condiciones. Su negocio se ha venido desarrollando gracias al apoyo de Ceprodel y es por este motivo que hoy en día continúa esforzándose grandemente.

Additional Information


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
  • 38
    View loans »
    Nicaragua Loans Fundraising
  • $26,391,875
    Funds lent in using Kiva
  • 20.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped María Estela to buy merchandise.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
At end of term
Jan 12, 2009
Feb 13, 2009
Currency Exchange Loss:
Apr 15, 2009