Update on Donald JoséThis young man, Donald José, lives in the town of Santa Rosa del Peñón in the department of León, a city where the inhabitants work in various areas of commerce and offer services to the people.
Donald José is a young man of 24. He is single. His profession and work is teacher in primary education. One of his dreams is to be able to have his own house, since the place where he lives belongs to his family.
It is his great need that Ceprodel and Kiva offer him a loan so that he can purchase a solar electrical system. This will help him a lot in the future to manage to construct his own little home.
He feels happy with this type of work, because it has helped him a lot in his life.
He is grateful for the support that Ceprodel and Kiva have offered him, and he hopes in God to continue receiving this privilege, the little loans that help him in the development of his life.
Donald José es un joven de 24 años de edad soltero de profesión y oficio maestro de educación primaria, son de sus sueños llegar a obtener su propia vivienda, ya que donde vive es de su familia.
Es de su gran necesidad que Ceprodel y Kiva le brinde un crédito, para la compra de: un solar, esto le ayudaría mucho en un futuro lograr a construir su propia viviendita.
Se siente a gusto con este tipo de empleo porque le ha ayudado mucho en su vida.
Agradece con el apoyo que Ceprodel y Kiva le ha brindado y espera en Dios seguir recibiendo este privilegio, de estos pequeños créditos que le ayudan en el desarrollo de su vida.
Previous Loan DetailsSanta Rosa del Peñon is a little town that is fighting for business. In past times, the majority of its citizens survived by emigrating to other countries. Now they depend on their own town, thanks to the fact that they have discovered that there exist different kinds of mines to exploit, such as… More from Donald José's previous loan »
About CEPRODELThis 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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