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Felipe Federico
Mr. Benjamin works as a bricklayer and has four school-age children. This is the first loan that Kiva Partner CEPRODEL has granted Benjamin and he appreciates their attention. With this loan, he will be able to purchase uniforms, backpacks, shoes, and notebooks for his children to go back to school.
View original language description ↓
Es el primer crédito que ceprodel otorga al señor B. quien labora como albañil y tiene cuatro hijos en edad escolar, agradece la atención brindada. Con este desembolso lograra comprar a sus hijos sus uniformes, mochilas, zapatos y cuadernos para regresar a clases.

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
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 22.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Felipe Federico to buy school supplies for his children.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 2, 2011
Listed
Mar 3, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 16, 2012