Update on Roger AntonioRoger works as a secondary education teacher at a small high school in town. He has worked in this profession for six years. Roger is happily married and has one son who is his motivation for working hard each day in his educational work. He currently needs to change the roof of his house in preparation for winter. For this reason, he came to the Ceprodel office to request refinancing which he will use to buy zinc laminate and shipping. This will allow him to improve the living conditions of his family.
Actualmente este señor tiene la necesidad de cambiar el techo de su vivienda debido a la temporada de invierno por tal motivo se acerco a la oficina de ceprodel para solicitar un refinanciamiento el cual lo utilizara en la compra de laminas de zinc y pago de transporte. Lo que vendrá a mejorar condiciones de vida para su familia.
Previous Loan DetailsRoger is a teacher at a high school in Telica, a town in the Nicaraguan "departamento" of Leon. He has been a teacher at the school for 4 years. He and his wife have one child. Ceprodel makes a point of helping teachers improve their lives. Roger is applying for a loan from the bank to pa... More from Roger Antonio'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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Success!! The loan was 100% repaid