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Aquilino
Aquilino M. L. is a client who lives in the San Nicolás region of the town of Achuapa in the Department of León. He has three dependent children, one is a university student while the others work on his farm.


Aquilino owns property that measures 62 MZ (approximately 108 acres). He has a total of 49 animals which include cows that have just given birth. This loan will be used to buy molasses (animal feed derived from sugar cane) for his cattle. Part of the money will be used to perform maintenance and repairs around his property. This will allow him to keep his farm in good condition and improve his milk production, which will result in better earnings and an improvement in his family’s welfare.

View original language description ↓
El cliente Aquilino M. L. Vive en la Comarca san Nicolás del municipio de Achuapa departamento de león, tiene 3 hijos a su cargo, uno estudia en la universidad y los otros trabajan en la finca con el cliente.
El cliente cuanta con una propiedad de 62 MZ propia tiene un total de 49 animales entre vacas paridas y horas.
El destino del crédito fue para la compra de melaza para el ganado y parte para el mantenimiento y reparación de la propiedad.
Esto le permitirá mantener en mejores condiciones su finca y mejorar la producción de leche el cual le beneficiara obtener mejores ingresos y cambiar el bien estar de su familia.

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

  • $4,800
    Average annual income
  • 89
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • 21.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Aquilino purchase feed for his cattle; pay for maintenance & repairs around his farm.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 5, 2010
Listed
Apr 1, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011