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Mario Eugenio
View original language description ↓
A business in carpentry is something that requires a lot of dedication and experience if you want to develop work/pieces that are accurately made and intricate. In the town of Cinco Pinos (city of Chinandega), Mr. Mario Lopez works at constructing furniture for the home. He works in his own shop and has managed to improve it by buying the machinery necessary in order to carry out his work.



Now, he has gone to Ceprodel to apply for a loan which will enable him to purchase more wood for the production of furniture. This business allows him to support his home's expenses and family, which consists of his wife and two children whom he loves a great deal.

Translated from Spanish by Mayra Gould, Kiva volunteer.













El negocio de carpintería es una labor que requiere de mucha dedicación por lo que se necesita tener muy alta experiencia para elaborar las piezas con mucha exactitud y destreza. En el municipio de Cinco Pinos de la ciudad de Chinandega, el señor Mario L. se dedica a la elaboración de muebles para el hogar teniendo su propio establecimiento que ha logrado mejorar por lo que ha adquirido la maquinaria necesaria para llevar a cabo esta labor.


Hoy en día ha acudido a Ceprodel con el propósito de obtener el crédito que le permita adquirir la madera para la elaboración de muebles. Con este negocio él lleva el sustento a su hogar de habitación compuesto por su esposa y sus dos hijos a los que ama mucho.

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
  • 95
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 19.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Mario Eugenio to purchase wood in order to make more furniture. (Compra de la madera para la elaboracion de los muebles).
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 28, 2008
Listed
Apr 13, 2008
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010