Agustín C. is from the town of Santa Rosa del Peñón. He currently works as a garbage collector for the city, a job he has been doing for four years. This is the first loan he has requested from field partner CEPRODEL. The purpose of the loan is to purchase two doors for his home.
El Sr. Agustín C. es originario del municipio de Santa Rosa del Peñón, actualmente se desempeña como recolector de basura en la Alcaldía de dicho municipio donde tiene cuatro años de laborar. Es el primer crédito que solicita en ceprodel con el objetivo de comprar dos puertas para su vivienda.
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.