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Leopoldo
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Leopoldo G. is originally from the district of San Rafael in Managua. He owns a bakery which provides him with enough income to take care of his family composed of his wife and a young son who currently goes to a nearby school.

With a lot of effort and sacrifices, he has been able to support his family through the income he makes from the bakery. Currently, he's unable to purchase the main ingredients to make bread. This is the main reason why Ceprodel, the lending institution, has approved him to get a loan so that he can purchase the main ingredients for his bakery and an electric generator in case of power failure in the area.


Translated from Spanish by Carolina Zelaya-Kronlund, Kiva Volunteer.


El caballero Leopoldo G. es originario del municipio de San Rafael en Managua dedicándose al negocio de panadería con el cual debe mantener su hogar que consta de su esposa y su pequeño hijo que actualmente estudia en un colegio cercano a su localidad.


Con mucho esfuerzo ha logrado llevar el sustento a su hogar por medio de la panadería sin embargo la necesidad que hoy en día atraviesa esta caballero es la adquisición de la materia prima para la elaboración del pan. Es por esta razón que Ceprodel le ha apoyado con créditos que le han permitido comprar su materia prima y a la vez le ha permitido adquirir una planta eléctrica para usarla en momentos que la energía falle.

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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $24,547,700
    Funds lent in using Kiva
  • 19.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Leopoldo to purchase main ingredients to run a bakery and an electric generator.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 1, 2008
Listed
Apr 16, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009