The business activity from which Mr. Rios makes a living is the breeding of livestock from his home in the municipality of Villanueva in the city of Chinandega. He started this business 25 years ago with a small number of livestock, but as his business has developed, he has acquired greater quantities of animals for their eventual sale and gain from their derivatives.
According to Mr. Rios, he works very hard so that he can maintain his three children and two grandchildren that are in his care. For that reason, he is looking for a way to facilitate their studies, and because there is no electric power in his neighborhood, he has requested the installation of a solar panel to obtain illumination so that his children and grandchildren study in the evenings without using an oil lamp, and so they have access to electricity to carry out household chores.
Translated from Spanish by Evelyn Garcia, Kiva Volunteer.
El negocio al que se dedica el señor R. es a la crianza de ganado en su sector de habitación en el municipio de Villanueva de la ciudad de Chinandega. Inicio este negocio desde hace 25 años con poco ganado pero a medida que ha venido desarrollándose ha adquirido mayores cantidades de ganado para su respectiva comercialización y aprovechamiento de sus derivados.
Según el señor R., trabaja muy fuerte para mantener a sus tres hijos y dos nietos a su cargo. Para ello busca la manera de cómo facilitarle los estudios y al no contar con energía eléctrica en su sector, ha solicitado la implementación de un panel solar para obtener la iluminación para que sus hijos y nietos estudien por las noches sin necesidad de candiles y a la vez para tener acceso a energía eléctrica para realizar las actividades del hogar.
About CEPRODELThis 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.
176View loans »
Success!! The loan was 100% repaid