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Teodoro
Teodoro lives in the beautiful city of Estelí, known as the Diamond of Segovia, in the north of Nicaragua. He is married and has two school-aged children. Teodoro has worked as a plumber for a water and sewer company for nine years. He is an upstanding man and role model for his family.

This is Teodoro's third loan with CEPRODEL [Centro de Promocion del Desarrollo, or Center for the Advancement of Local Development] Local and he says that the previous two loans have helped his family greatly as they financed home improvements. Teodoro will use these loan funds to purchase construction materials such as zinc and beams to repair the roof of his home. He is grateful to Kiva for the support it has provided, which allows him to make home improvements and provide his family better living conditions.
View original language description ↓
Teodoro es habitante de la bella ciudad de Estelí reconocida como el diamante de las Segovia ubicada en la parte norte de Nicaragua. Estado civil es casado tiene dos hijos en edad escolar. Este varón se caracteriza por ser una persona de buenos valores morales entregado a su familia.

Es su tercer crédito con CEPRODEL y manifiesta que han sido de gran impacto en su familia ya que de esta manera ha mejorado su vivienda.
Actualmente es trabajador de una empresa de servicio de acueducto y alcantarillado desempeñándose como fontanero desde hace nueve años.

Con este monto financiado lo va destinar para compra de materiales de construcción tales como zinc y perlines ya que va realizar mejora en el techo de su vivienda.
Teodoro se manifiesta agradecido con kiva por el apoyo brindado ya que va ser posible mejorar su vivienda y dar mejor condición de vida.

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.

Tags

About Nicaragua

  • $4,800
    Average annual income
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 25.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Teodoro to purchase construction materials such as zinc and beams.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2013
Listed
Aug 31, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2014