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Juan José
Sr. Juan grows beans and corn, a job he’s had for more than ten years. The land where he plans to invest more money is very good for agriculture as it is fertile and has good drainage. Juan requires a loan so he can plant more crops, pay the rent for the land, and also buy food for his family. His income comes from selling his produce, and at this time he will pay off his debts leaving part of the money for household expenses.
View original language description ↓
El Señor Juan es un pequeño agricultor dedicado a la siembra de frijol, y maíz tiene más de diez años de experiencia en tal actividad, la zona objeto de inversión es optima para el establecimiento y desarrollo de este rubro por ser suelos fértiles y con buen drenaje, el requiere de fuentes de financiamiento para la siembra de sus cultivos, pago de alquiler de terreno así como para compra de alimentos para sus familias ya que las fuentes de ingresos son las ventas de sus cosechas con lo cual pagan sus deudas dejando una cantidad de la cosecha para completar sus gastos de su hogar.

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
  • 173
    View loans »
    Nicaragua Loans Fundraising
  • $23,225,700
    Funds lent in using Kiva
  • 24.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Juan José buy agricultural supplies, pay rent for his land, and buy food.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 6, 2013
Listed
Mar 19, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 21, 2013