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Miguel Angel
View original language description ↓

The transportation business requires much investment being that the cost of fuel increases each time and the cost of spare parts has elevated to great magnitudes. In the city of Somotillo, Miguel Angel R. has been in the transportation industry with his own taxicab, which he works daily in an effort to bring home the daily bread to be ingested by his wife and three children.

The problem Mr. R. is facing is that he needs to buy spare parts for his vehicle because it is in bad condition and needs to be taken to the shop for repairs. For this, he has turned to Ceprodel for support with the goal of obtaining a loan to purchase the parts and continue with his transportation business in the municipality of Somotillo, from which he is a native.

Translated from Spanish by Evelyn Garcia, Kiva Volunteer.





El negocio de transporte es una labor que requiere de mucho inversión por la razón de que hoy en día el costo del combustible se eleva cada vez más y además los repuestos de los vehículos se elevan a grandes magnitudes. En la ciudad de Somotillo el caballero Miguel Angel R. se dedica desde hace cuatro años al negocio de transporte teniendo su propio taxi el cual lo trabaja todos los días procurando llevar el pan a la mesa para que lo puedan ingerir sus tres hijos y esposa.


La problemática atravesada por el señor R. es la necesidad de la compra de repuestos para el vehiculo debido a que está en malas condiciones y necesita adquirir estos repuestos para llevar el auto al taller y que sea reparado. Para esto ha buscado apoyo en Ceprodel con el fin de que le proporcionen créditos para adquirir estos repuestos y así continuar con su labor de transporte en el municipio de Somotillo de donde es originario.

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
  • 111
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,000
    Funds lent in using Kiva
  • 19.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Miguel Angel purchase spare parts to repair his taxicab.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 4, 2008
Listed
Apr 13, 2008
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010