Update on Yorlene LinaYorlene is a professional woman with a degree in natural sciences. Currently she works as a primary teacher in a local school, with 8 years of experience.
At the moment, this lady came to the Ceprodel office to ask for a loan which she will use to purchase a mill motor, which will bring her more income and better living conditions to her family.
Actualmente esta señora se presento a la oficina de ceprodel para solicitar un financiamiento el cual lo utilizara para compra de un motor de molina, el cual le vendrá a incrementar sus ingresos, tener mejores condiciones y nivel de vida en su seno familiar.
Previous Loan DetailsIn the city of Telica in the department of León, señora Yorlene works as an elementary school teacher at a small school in the city. She has done this work for 4 years. She is single and doesn't have any children. She only has her parents, whom she helps. One thing that Yorlene needs is to ... More from Yorlene Lina'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.
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