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Senayda Maria

Update on Senayda Maria

Senayda is married and has a son in her charge whom she supports. She has been working as a teacher for 25 years in a high school in the community where where she has lived with her family for the past 11 years.

At this moment in time, she is presented with the need to build a bedroom onto her house. She has come to the office of Ceprodel to request a loan that she will use to buy construction materials, such as: cement, sand, cement blocks, 3/8” rebar, 1/4” rebar, rebare tie wire, and also labor. This is her 4th loan, and the loans have helped her to improve her quality of life.
View original language description ↓
Senayda es una señora, casada, con un hijo a su cargo al que le proporciona su ayuda para su desarrollo, es maestra con 25 años de desempeñarse en esta labor en un colegio en la comunidad donde habita con su familia desde hace 11 años.
Actualmente esta señora está presentando una necesidad d de construir un dormitorio en su vivienda, por tal mo9tivo se presento a la oficina de ceprodel para solicitar un financiamiento para utilizarlo en la compra de materiales de construcción tales como: cemento, arena, bloque, hierro 3/8, hierro ¼, alambre de amarre y pago de mano de obra. Ya con este crédito es el numero 4 los que le han venido mejorando su nivel de vida

Previous Loan Details

Ceprodel is known for financially supporting teachers in the communities where they work. Senayda lives in the town of Larreynaga in León, where she works with many children as a primary school teacher at a municipal school. She is very happy because working with children has taught her many th... More from Senayda Maria's previous loan »

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.

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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 145
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 25.9
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $775 helped Senayda Maria to buy construction materials, such as: cement, sand, cement blocks, 3/8” rebar, 1/4” rebar, rebare tie wire, and also labor.
67% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2014
Listed
Jun 22, 2014
Currency Exchange Loss:
Possible