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Germán René
Mr. Germán René V. A. has worked as an Equipment Operator for a firm in the town of Granada, Granada department for 33 years. He’s married and only his wife depends on him.

He needs to pay off several debts he has and visits CEPRODEL’s offices to accomplish this. He feels this is a way to provide his family with a decent home in which they can grow comfortably.
View original language description ↓
En el municipio de Granada, Departamento de Granada, labora el señor Germán René V. A., el cual tiene 33 años de laborar como Operador de Equipo en una empresa ubicada en la misma zona. Es casado y solo depende su esposa.

Actualmente tiene la necesidad de hacer cancelaciones de varias deudas que posee y por tal razón visita las oficinas de CEPRODEL para realizar dichos pagos, considera que de esta forma estará dándole un hogar digno a su familia ya que quiere que ellos crezcan saludablemente.




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
  • 172
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,250
    Funds lent in using Kiva
  • 22.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Germán René to pay off debts.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2011
Listed
Mar 1, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 21, 2012