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Germán Octavio
The young man Germán Octavio lives in Managua, the capital of Nicaragua. He has a stable job in a State business where he has worked as a hygienist for 3 years. He is married and has three people in his care.
He is requesting a loan from CEPRODEL that he will use to purchase some land and give his family a dignified home as he lives in his parents' house.
Germán Octavio's dream is to have his own little house. Only with the support that Ceprodel and Kiva have offered him has he been able to improve his standard of living as his wages are only enough to cover food.
View original language description ↓
El joven Germán Octavio vive en Managua capital de Nicaragua, tiene un trabajador estable en una empresa del estado donde labora como higienista desde hace tres años, su estado civil es casado con tres personas a su cargo.

El crédito que solicita a CEPRODEL lo utilizara para ajustar la comprar de un terreno ya que Viven en casa de sus padres, para darle a su familia un techo digno.

Los sueños de Germán Octavio es tener su propia casita, porque solo con el apoyo que Ceprodel y kiva le han brindado ha mejorado su nivel de vida, ya que con sus ingresos no podía, porque es muy poco que solo alcanza para la alimentación.

Additional Information


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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $4,800
    Average annual income
  • 111
    View loans »
    Nicaragua Loans Fundraising
  • $24,831,575
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Germán Octavio to buy land.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Mar 26, 2013
Apr 7, 2013
Currency Exchange Loss:
Jul 18, 2014