Mr. Aurelio M. D. is a native of the town of El Sauce; a security guard by trade, he has been working for the "Proyecto de las Tecas" (a teak-tree planting project) for four years. He has been cooperating with Ceprodel for five years, receiving six consequent loans he has used to pay for personal and household expenses. The loan he is requesting will be used to pay for his son's school fees.
El Sr. Aurelio M. D. es originario del municipio de El Sauce, se desempeña como Guarda de seguridad en el Proyecto de las Tecas donde tiene cuatro años de laborar. Tiene cinco años de laborar con Ceprodel donde se le han otorgado seis créditos consecutivos para gastos personales y vivienda. El crédito lo solicitó para gastos escolares de su hijo.
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.