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Rene Benito
Mr. Rene Benito C. lives in the Somotillo area where he works hard with the purpose of improving his home, since over time it has been deteriorating. With the responsibility of caring for his three small children, he is looking for a way to invest in his home.

To carry out the reconstruction, Mr. Rene has come to Ceprodel hoping that his loan will be granted to allow for the purchase of construction materials such as sand, gravel, cement, and zinc. It's necessary to emphasize that Mr. C. is the sole provider in his home, so he needs this loan urgently.
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El señor Rene Benito C. vive en el municipio de Somotillo donde labora fuertemente con el propósito de mejorar su vivienda ya que por medio del tiempo se ha venido deteriorando y con la responsabilidad de mantener a sus tres pequeños hijos busca la manera de cómo invertir en su vivienda.

Para llevar a cabo la reconstrucción el señor René ha acudido a Ceprodel esperando que su crédito sea otorgado y de esta forma comprar los materiales de construcción como lo son arena, piedrín, cemento y zinc. Es necesario destacar que el señor C. es el único sustento de su hogar por lo que requiere de este préstamo con urgencia.

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.

About Nicaragua

  • $4,800
    Average annual income
  • 94
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 19.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Rene Benito purchase of construction materials.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2008
Listed
Nov 30, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2010