Check out some available loans that are similar to this one!
Manuel De Jesús
View original language description ↓
For the past three years, Mr. Manuel M. has dedicated himself to running an electrical automotive repair shop in the Sauce district of León, Nicaragua. He gained his skills in the repair of cars and motorcycles three years ago, which is when he began his business.


Manuel is the father of a young school-aged son, and for this reason he exerts himself every day in order to provide his child with an education and to supply all of his child's needs.


In spite of his difficult economic situation, Mr. Manuel M. has managed to maintain his immediate family and to better his financial circumstances. He has done this thanks to the support of the lending organization Ceprodel, which over the past year has given him a total of 10 credits that he has used to improve the condition of his business.


Currently Manuel needs to invest in the purchase of tools since the ones he owns are in disrepair. In addition, he needs to purchase new tools in order to continue providing his clients with high quality service.

Translated from Spanish by Debra Faszer-McMahon, Kiva Volunteer.


Desde hace 3 años, en el municipio de el Sauce en la ciudad de León, el señor Manuel M. se dedica al negocio de taller de electricidad automotriz teniendo destrezas en la reparación de automóviles y motocicletas desde hace 3 años que es el tiempo en que inicio su negocio.


Es padre de un pequeño hijo en edad escolar y por esta razón día a día se esfuerza para brindarle su educación y suplir todas sus necesidades.



A pesar de la difícil situación económica que atraviesa el señor Manuel Matus, ha logrado mantener su núcleo familiar y mejorar su condición económica. Esto lo ha realizado gracias al apoyo que le ha brindado Ceprodel desde hace un año con un total de 10 créditos que los ha utilizado para mejorar la condición de su negocio.



Su necesidad actualmente es la urgencia de invertir en la compra de herramientas debido a que las que posee se encuentran en mal estado y además debe de adquirir otras nuevas herramientas que nunca ha tenido para continuar brindando a sus clientes un servicio de alta calidad.

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
  • 140
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 19.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Manuel De Jesús to purchase tools for the repair of cars and motorcycles.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 21, 2008
Listed
Feb 6, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2009