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Fauto
Fauto lives in a suburb of the city of Managua, Nicaragua. He has been working for the city as a hygienist for three years. He is an honest person, of good moral values, responsible, and married with two children in his care and his wife supports him in the care of their children as she is a housewife.

Fauto came to Ceprodel to ask for a loan in order to build an extension to a room. He will use the loan to buy materials such as blocks, zinc, cement and sand.

With this funding he will invest by expanding his home to offer better comfort and living conditions to his family, because without this support that Kiva offers through Ceprodel he could not make these improvements.
View original language description ↓
El señor Fauto vive en un barrio de la ciudad de Managua Nicaragua, actualmente trabaja para el estado desempeñándose en el cargo de higienista desde hace tres año, es una persona honesta, con bueno valores morales responsable, casado con dos hijo a su cargo y su esposa lo apoya en el cuido de sus niños ya que es ama de casa.

se presento a ceprodel don Fauto a solicitar un crédito para construir un anexo de un cuarto, con este crédito comprara materiales como bloque cinc, cemento, arena.

Con este financiamiento lo invertirá en ampliar su vivienda y darle una mejor comodidad y condición de vida a su familia, porque sin este apoyo que brinda kiva a través de ceprodel no podría hacer estas mejoras.

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
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $23,421,675
    Funds lent in using Kiva
  • 24.5
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $625 helped Fauto to buy construction supplies.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2013
Listed
May 14, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014