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Leonel Ernesto
Leonel works as a route collector. He is single and has a child in his care. This is his ninth loan that Ceprodel has provided. He is thankful for the opportunity this institution has given him.

He will use this loan to purchase merchandise for his small business and to purchase construction materials like sand, cement blocks, and iron to expand a room in his home.
View original language description ↓

EL SEÑOR LEONEL LABORA COMO COLECTOR DE RUTA ,ES SOLTERO ,TIENE UN HIJOS A SU CARGO,ES ELNOVENO CREDITO QUE CEPRODEL LE OTORGA, AGRADECE LA OPORTUNIDAD QUE LE HAN BRINDADO ESTA INSTITUCION CON LOS DESEMBOLSO QUE LE HAN APROBADO , ESTE CREDITO LO NECESITA PARA INVERTILO UNA PARTE EN COMPRA DE MERCADERIA PARA SU PEQUEÑO NEGOCIO Y LA OTRAPARA COMPRA DE MATERIALES DE CONSTRUCCION COMO ARENA CEMENTO BLOQUE, HIERRO,PARA AMPLIAR LA SALA DE SUS VIVIENDA.

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
  • 133
    View loans »
    Nicaragua Loans Fundraising
  • $24,060,850
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Leonel Ernesto to improve his home.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 18, 2011
Listed
May 19, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 21, 2012