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Rafael
Mr. O. works as a security guard. He is married and this will be his first loan through CEPRODEL. He is thankful for the opportunity and needs the money from this loan to settle some credit card debt.
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EL SEÑOR O. LABORA COMO AGENTE DE SEGURIDAD , ES ACOMPAÑADO , ES EL PRIMER CREDITO QUE CEPRODEL LE OTORGA, AGRADERCE EL APOYO BRINDADO DE ESTA INSTITUCION CON ESTE DESEMBOLSO QUE LE HAN APROBADO , ESTE CREDITO LO NECESITA PARA SOLVENTAR DEUDA PENDIENTE CON BANCO DE TARJETA DE CREDITO.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $3,636
    Average annual income
  • 149
    View loans »
    Nicaragua Loans Fundraising
  • $24,071,325
    Funds lent in using Kiva
  • 22.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Rafael to settle some debts.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2011
Listed
Apr 4, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 12, 2012