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Juan Francisco
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Juan Francisco G. currently owns a business making and selling bricks in the municipality of Villanueva in the city of Chinandega. He does this with much effort, making bricks for use in construction to sell them in that sector of the municipality.

Currently, his business is facing the immediate need for materials for the production of the bricks. For this reason, Mr. G. seeks support from Ceprodel to obtain a loan that will allow him to purchase these materials and continue to run his brick business from his home in Villanueva.

Translated from Spanish by Evelyn Garcia, Kiva Volunteer.




El caballero Juan Francisco G. actualmente es dueño de un negocio de elaboración y venta de tejas ubicado en el municipio de Villanueva de la ciudad de Chinandega. Se dedica a esta labor con mucho esfuerzo elaborando las tejas para construcción para ofrecerlas en el sector de ubicación en el municipio.


Actualmente la necesidad que este negocio atraviesa es la pronta inversión en los materiales para la elaboración de las tejas. Es por este motivo que el señor G. busca el apoyo en Ceprodel para obtener crédito que le permita la compra de estos materiales y así proseguir con su negocio de tejas en su localidad de habitación en Villanueva.

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
  • 133
    View loans »
    Nicaragua Loans Fundraising
  • $24,060,850
    Funds lent in using Kiva
  • 19.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Juan Francisco purchase material to make bricks.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 17, 2008
Listed
May 3, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009