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Luis Elis
This borrower has been working for a cement factory as general services instructor for ten years. He is married and has two children who go to school. This is his second loan, and he will use it improve a small grains selling activity which his wife runs to get another income for the family.
View original language description ↓
Este cliente labora en una fábrica productora de cemento desempeñándose como facilitador de servicios generales, tiene diez años de trabajar para esta institución tiene dos hijos en edad escolar es casado. Es el crédito numero dos que solicita para mejorar un pequeño negocio de ventas de granos el cual es administrado por la esposa para tener otros ingresos en la unidad familiar.

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
  • 153
    View loans »
    Nicaragua Loans Fundraising
  • $24,072,325
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Luis Elis to buy products to improve his wife's grains selling activity.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2011
Listed
Jul 10, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 27, 2012