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Edgar Alejandro
Edgard S. comes from the municipality of Nagarote where he works arduously at his business buying and selling scrap. He buys products of tin and aluminum in order to resell them to be processed.

He has now approached Ceprodel in order to benefit from a loan to be used to buy scrap and because of this he is very confidently optimistic that Ceprodel will grant him the loan as it is the only institution which can help him build his business.

El señor Edgard S. es originario del municipio de Nagarote donde se dedica a trabajar arduamente en su negocio de compra y venta de chatarras comprando todo tipo de producto de material de lata y aluminio para posteriormente venderlo a lugares donde son procesados.

Actualmente él ha acudido a Ceprodel para ser beneficiado con un crédito para la compra de las chatarras y es por esta razón que muy confiadamente espera en Ceprodel porque es la única institución que puede ayudarle a salir adelante en su negocio.

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

  • $3,636
    Average annual income
  • 87
    View loans »
    Nicaragua Loans Fundraising
  • $23,715,900
    Funds lent in using Kiva
  • 20.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Edgar Alejandro to buy scrap.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 2, 2009
Listed
Apr 6, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010