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Mirian Del Rosario

Update on Mirian Del Rosario

Miriam is a single mother; she has two children who are adults and independent. She has worked as a custodian for 26 years at an institution in the area where she lives; she also has a business selling shoes, which she started out of the need to make more income to save from her salary. She currently needs to improve her home by building a room, which is why she visited Ceprodel to get a loan she will use to buy brick, rebar, cement, purlins, and gravel, and to pay for labor, as this will improve her quality of life.
View original language description ↓
Doña Miriam es madre soltera, procreo 2 hijo los cuales son mayores de edad e independiente, esta señora trabaja en un instituto de la zona donde habita desempeñándose como conserje desde hace 26 años, además ostenta otra actividad económica como es la venta de calzado la que inicio producto de la necesidad de obtener otros ingresos con fondo de ahorro de su salario, actualmente tiene la urgencia de mejorar su vivienda a través de la construcción de un cuarto por eso visito a ceprodel para obtener un financiamiento el que utilizaría en la Compra de ladrillo, hierro, cemento , perlin, piedrín y pago de mano de obra, ya que la misma le creara mejores condiciones de vida.

Previous Loan Details

Mirian is an entrepreneurial woman who, for the past 26 years, has worked as a janitor in a school in her town. She also has a business selling shoes, perfume, bras and underpants with the aim of making additional income in order to improve her living conditions as her janitor's salary is low an... More from Mirian Del Rosario'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
  • 147
    View loans »
    Nicaragua Loans Fundraising
  • $24,102,725
    Funds lent in using Kiva
  • 26.0
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $600 helped Mirian Del Rosario to buy brick, rebar, cement, purlins, and gravel, and to pay for labor.
79% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2014
Listed
Jun 27, 2014
Currency Exchange Loss:
Possible