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Cecilio Modesto
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Cecilio C. comes from Villanueva in León, Nicaragua. At a very young age he decided to enter the world of farming but when he realised how low an income it offered, he decided to invest in two television sets in order to start up his own business renting videogames in his area.


It is important to point out that the area in which he lives has no electricity as it is far from any urban area, and this is why Cecilio has decided to invest in the necessities for his home and have a solar panel which he must pay for in order to rent out the videogames.


He is father to one child, who is of school age, and this is why he is so driven to provide for his family and make his business a success. The issue today is that he must urgently pay for the solar panel in order to continue his business, and this is why he has turned to Ceprodel in order to receive a loan which will allow him to pay his debt and continue with his business.



Translated from Spanish by Lucy Williams, Kiva volunteer





Cecilio C. es un caballero originario del municipio Villanueva en el departamento de León de Nicaragua. Desde muy pequeño se dedicó al negocio de jornalero pero al ver que sus ingresos eran muy cortos decide invertir en dos televisores para iniciar un negocio propio como lo es el alquiler de videojuegos en su localidad.


Es de mucho interés mencionar que en el local donde el vive, no existe energía eléctrica por estar muy alejado de la zona urbana, es por este motivo que el señor Cecilio C. decide invertir en la necesidades de su hogar y adquiere un panel solar que tiene la obligación de pagarlo por haberlo obtenido al crédito.


Es padre de un hijo en edad escolar y por esta razón es que se esfuerza para suplir todas sus necesidades y salir adelante en su negocio. Su necesidad actual es la urgencia de pago del panel solar para continuar con su negocio y para esto ha acudido a Ceprodel para ser beneficiado con créditos que le permitan salir de esta deuda y suplir su negocio.

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
  • 121
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,100
    Funds lent in using Kiva
  • 19.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Cecilio Modesto to purchase a solar panel.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 8, 2008
Listed
Feb 21, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009