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Manuel Salvador
Manuel Salvador is a hard-working person who works as an assistant plumber for a state institution in the Managua municipality. He has been doing this work for three years. He has a life partner and three people under his care, and he wants to give them a better standard of living.

Manuel Salvador has come to Ceprodel to request a loan. The loan is to pay a pending debt with a banking institution relating to a credit cart. The interest has increased, and he wants to be left with only one debt.
View original language description ↓
En municipio de Managua, el señor Manuel Salvador se ha caracterizado por ser una persona muy trabajadora y se desempeña como ayudante fontanero en una institución del estado, dedicándose a esta labor desde hace tres años. Es acompañado y con tres personas a su cargo y para brindarle un mejor nivel de vida a su familia.

El señor Manuel Salvado ha acudido a ceprodel con el fin de solicitar un crédito para pagar deuda pendiente con una institución bancaria referente a una tarjera de crédito ya que lo intereses se le ha incrementado y quedarse con una sola deuda.


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
  • 155
    View loans »
    Nicaragua Loans Fundraising
  • $24,077,475
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Manuel Salvador to pay a personal expense.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2011
Listed
Oct 6, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013