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Teófilo
Teófilo lives in the city of Managua and has been working there at a shopping center, in the security area, for 12 years. He works from 6:00 a.m. to 5:00 p.m.

Teófilo is requesting a loan to build a wall along the front of his house to provide more safety for his family.

He wants to express his gratitude for the previous loans he has had through the institution which have improved his living conditions and made his family more comfortable.
View original language description ↓
El señor Teófilo vive en la cuidad de Managua trabaja en un centro de compra de Managua desde hace 12 años donde empieza a laborar desde la 6 am y termina hasta 5 de la tarde en el área de seguridad.

Don Teófilo solicita a kiva un crédito para la construcción de un muro en la parte delantera de su vivienda ya que es necesario para la seguridad de su hogar.

A la vez manifiesta su agradecimiento ya que con los créditos obtenidos anteriormente con nuestra institución ha mejorado sus condiciones de vida para darle mayor comodidad a su familia.

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
  • 161
    View loans »
    Nicaragua Loans Fundraising
  • $23,186,525
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Teófilo to buy construction materials.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2013
Listed
Jun 11, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2014