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Nedar Vicente
Nedar is a man who is determined to offer better conditions for his family. He is married and has a son for whom he provides the necessary help for his secondary school studies.

At present, Nedar needs to expand his home by constructing a room. For this reason, he approached Ceprodel to solicit financing to realize his dream. Nedar works as a night watchman for a school in the locality where he lives. Due to his low salary, a loan is the perfect option to achieve his desired goal. Nedar will use the funds to purchase construction materials such as cement, sand, iron, zinc, gravel, and cement blocks, and to pay laborers.

In this manner, he will provide his family with better living conditions.
View original language description ↓
Nedar es un señor esforzado por darle mejores condiciones a su familia, es casado con 1 hijo al que le da el apoyo necesario para sus estudios secundarios. Actualmente tiene la necesidad de ampliar su vivienda con la construcción de cuarto, por eso se presento a ceprodel para solicitar financiamiento y lograr dicho sueño ya que labora como vigilante de un colegio de su localidad donde vive ya que por el bajo salario el crédito es la opción perfecta para lograr los sueños deseados, ya que dicho financiamiento lo utilizara en la Compra de materiales de construcción como: cemento, arena, hierro, zinc, piedrín, bloque y mano de obra.
Y de esa manera darle mejores condiciones 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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 75
    View loans »
    Nicaragua Loans Fundraising
  • $23,416,850
    Funds lent in using Kiva
  • 25.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Nedar Vicente to buy construction materials such as cement, sand, iron, zinc, gravel, and blocks, and to pay workers.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2013
Listed
Dec 12, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 26, 2014