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Leonardo Melecio
In the municipality of Nagarote, Leonardo Castellon works hard every day selling firewood, watermelons and nuts, starting early in the morning. It's important to mention that he has a small farm where he grows some vegetables and gets the firewood, however, to get to the farm and transport the wood and vegetables is difficult because it is far away and he needs a mode of transportation.

This is why Leonardo requests a loan, which he will invest in the purchase of a horse and a cart to use on his job and this way transport the products and look after the horse by providing good nutrition and care.
View original language description ↓
En el municipio de Nagarote, el señor Leonardo C. se dedica a trabajar muy arduamente todos los días vendiendo leña, sandías y pipianes todos los días desde muy tempranas horas de la mañana. Es importante destacar que él tiene una pequeña finca donde siembra algunas hortalizas y saca la leña pero para ir a esa finca y trasladar la leña y hortalizas se le es muy difícil porque está alejada y necesita un medio de transporte.

Esta es la razón por la que el señor Leonardo solicita un crédito ya que lo invertirá en la compra de un carretón y un caballo para utilizarlo en este trabajo y de esta manera trasladar los productos y darle el respectivo cuido y mantenimiento al caballo por medio de una buena alimentación y protección.

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

  • $3,636
    Average annual income
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $24,053,975
    Funds lent in using Kiva
  • 20.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Leonardo Melecio purchase a horse and a cart.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2009
Listed
Dec 20, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011