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Elí De La Cruz
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Eli L. is a gentleman who for six years has had a home business providing grinding services, which he takes great effort to attend to every day, from very early morning hours to late afternoon.


His wife and son are the reason he works day to day, to satisfy all their needs and further to complete his role as responsible father, giving food, sound shelter and education to his young son.


It is important to note that since he began his business, he has searched for a way to acquire new grinders but due to their high cost he has been unable to obtain them. For this reason, today he requested that CEPRODEL allow him to be granted a loan which he will invest in the purchase of the grinders so that he can continue giving his family sustenance every day.

Translated from Spanish by Mark Holmes, Kiva Volunteer




Eli L. es un caballero que desde hace 6 años posee un negocio propio en su hogar de habitación como lo es el servicio de molino que muy esforzadamente atiende todos los días desde muy tempranas horas de la mañana hasta el atardecer.


Su esposa e hijo es el motivo por el cual se preocupa día a día por satisfacer todas sus necesidades y además por cumplir su rol de padre responsable brindando alimentación, techo digno y educación a su hijo menor de edad.


Es de importancia señalar que desde que inicio su negocio ha buscado la manera de cómo adquirir nuevos molinos pero por su alto costo no lo ha logrado es por esto que hoy en día acude a CEPRODEL consiente de que será beneficiado con créditos que los invertirá en la compra de los molinos para así continuar brindándole a su familia el sustento de cada día.

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

  • $4,800
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,770,775
    Funds lent in using Kiva
  • 19.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Elí De La Cruz purchase of machinery.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 6, 2008
Listed
Feb 16, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009