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María Del Carmen

Update on María Del Carmen

Maria del Carmen has been working in a public school for over 15 years. She is an elementary school teacher, and she teaches kids ages 6 to 8.

She thanks Ceprodel for the support given with the loan to buy construction materials, such as, bricks, sand, cement, among others, to make minor repairs at her residence, in the kitchen area, and the bedrooms, to improve her and her family’s quality of life.
View original language description ↓
La Sra. Maria del Carmen trabaja para una escuela publica desde hace mas de 15 años como profesora de primaria educandos a niños entre las edades de 6 - 8 años, agradece a ceprodel por haberle apoyado por medio de un credito para la compra de materiales de constrccion como ladrillos, arena, cemento y otros para realizar reparaciones menores en su casa de habitacion en el area de la cocina y dormitorios para mejorar sus condiciones de vida de ella y su familia.

Previous Loan Details

María del Carmen has worked in a public preschool for two years. This loan will be utilized to buy zinc to improve the roof the roof of her home. She has been working with our institution for 3 years, and is very grateful for the help that the institution always offers. More from María Del Carmen'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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 139
    View loans »
    Nicaragua Loans Fundraising
  • $24,079,275
    Funds lent in using Kiva
  • 26.0
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $775 helped María Del Carmen to buy construction materials.
50% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2014
Listed
Jul 2, 2014
Currency Exchange Loss:
Possible