Eligio Fuentes is a municipal institution. This institution has had an agreement with the city for over 12 years; offering loans to the workers in order to cover their expenses, and the city deducts these loans from the workers' salaries.
This man is requesting a loan for the purchase of medicine for a disabled daughter.
El señor es trabajador de una institución estatal, empresa con la que tiene más de 12 años de tener convenio empresarial, este convenio consta en que le ofrecemos financiamientos a los trabajadores para cubrir sus necesidades y la empresa se encarga de deducirles de planilla dicho abono.
El señor solicitaba el financiamiento para compra de medicinas para una hija que tiene capacidades diferentes.
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.