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Luis José
Mr. Luis A. has an auto shop in his house in the municipality of San Rafeal del Sur. He goes there everyday in order to make a living for his household and as such provide living conditions for his children.
Mr. Luis A. has ample experience in this work and today is asking for a loan to buy work tools for his shop, as it is in great need of them. The loan will also serve for the construction of a storage space where he will keep all of his work tools. It is for this reason that he hopes that the loan will be given to him, in order to improve the condition of his shop.
View original language description ↓
El señor Luis A. tiene su propio taller de mecánica en su casa de habitación en el municipio de San Rafael del Sur donde lo atiende a diario con el fin de llevar el sustento a su casa de habitación y así brindarle las condiciones de vida a sus hijos.
El señor Luis A. tiene amplia experiencia en este trabajo y hoy en día está solicitando un crédito para la compra de las herramientas de trabajo en el taller ya que le es de mucha necesidad y también el crédito le servirá para la construcción de una bodega donde guardar todas las herramientas de trabajo. Es por esta razón que espera que el crédito le sea otorgado para mejorar las condiciones de su taller.

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
  • 71
    View loans »
    Nicaragua Loans Fundraising
  • $23,671,175
    Funds lent in using Kiva
  • 20.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Luis José buy work tools and build a storage space.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2009
Listed
Dec 28, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011