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Francisco Ariel
Don Franklin Ariel has lived in a neighborhood of Managua for 40 years. He is married with three children, and he has worked as a driver for over 12 years in the service of a state institution. Franklin Ariel and his wife have worked to help their children get ahead with their studies.

The loan he is asking from CEPRODEL will be used to purchase construction materials like zinc and timber, and to pay laborers in the repair of his roof. This will allow for a better quality of life for Franklin Ariel's family.

He is very grateful to CEPRODEL and Kiva, and he says that apart from being well-served, they offer loans with low interest rates. With these loans, he's been able to fulfill his dreams little by little.
View original language description ↓
Don Franklin Ariel habita en un barrio de Managua desde hace cuarenta años, es casado con tres hijo a su cargo, labora de conductor con más de doce años de servicio para una institución del estado. Franklin Ariel junto a su esposa han trabajado para sacar adelante a sus hijos con los estudios.

El crédito que solicita a CEPRODEL lo utilizara para comprar materiales de construcción como cinc, perlin y pago de mano de obra, en la reparación del techo. Esto permitirá mejorar el nivel de vida para su familia.

Esta muy agradecido con Ceprodel y kiva, “ya que dice que aparte que se le atiende bien también son bajos los intereses, y que con estos créditos que le han dado ha podido cumplir poco a poco sus sueños.

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
  • 111
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,000
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Francisco Ariel pay for construction costs.
100% repaid
Repayment Term
28 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2013
Listed
Apr 7, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2014