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Fernando
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Fernando Mendez is a married man responsible for three sons. For 10 years he has been selling basic grains which he sells in the Israel Lewites market in the city of Managua.



He began his business with U$200 that he saved over a long period of time. It is necessary to note that he is a strong and hardworking man that has known how to respond to the call of being a father who supports his three small children that study in elementary school.



He has worked with Ceprodel for two years, having received loans that he has taken advantage of wisely to better his and his family’s living conditions. He has a history of 13 loans.

Translated from Spanish by Cindy Kendall, Kiva volunteer.



Fernando Mendez es un caballero casado y con tres hijos a su responsabilidad. Desde hace 10 años se dedica a la veta de granos básicos los cuales son vendidos en el mercado Israel Lewites de la ciudad de Managua.



Inició su negocio con un capital de U$ 200 que los obtuvo por medio de sus ahorros de largo tiempo. Es de suma necesidad destacar que es un hombre esforzado y trabajador que ha sabido responder al llamado de ser padre manteniendo a sus tres pequeños hijos que cursan la etapa escolar.



Desde hace dos años ha trabaja con Ceprodel el cual le ha brindado créditos que los ha aprovechado muy sabiamente para mejorar sus condiciones de vida y la de su familia. Actualmente tiene un record de 13 créditos.

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
  • 173
    View loans »
    Nicaragua Loans Fundraising
  • $23,225,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Fernando purchase basic grains.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 14, 2008
Listed
Dec 31, 2007
Currency Exchange Loss:
N/A
Ended:
Oct 5, 2008