Mr. Marvin V. is from the Los Tololos region of the municipality of El Sauce. He works as a farmer. He has been working with Ceprodel for 5 years and has received 10 loans from them for livestock and fertilizer. The loan he is requesting is to buy fertilizer for planting sesame.
El Sr. Marvin V. es originario de la comarca Los Tololos del municipio de El Sauce, se desempeña como agricultor. Tiene cinco años de trabajar con Ceprodel y se le han otorgado 10 créditos para ganado y siembra. El crédito lo solicitó para la compra de insumos para la siembre de ajonjolí.
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.