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Miguel Angel
Mr. Miguel has been working as a security guard for the Popular University for the past four years. He has had two loans from CEPRODEL. He has used the loans to improve his home by buying construction materials such as sand, zinc, stone, and cement blocks. Improving his home has improved the quality of life for his family. This construction has occurred slowly as the loan amounts are dependent upon ones capacity to repay the loan. This capacity is based on income. He is a person that has scarce economic resources.
View original language description ↓
El señor Miguel Hernández E. labora Para universidad Popular como vigilante durante cuatro años , con CEPRODEL ha tenido la oportunidad de trabajar dos créditos los cuales los ha utilizado para mejoras de vivienda , compra de materiales de construcción como arena , zinc , piedrín , bloque. para mejorar su calidad de vida de su familia aunque poco a poco por que los créditos van en dependencia de la capacidad de pago de acuerdo al ingreso ya que es una persona de escasos recursos económicos.

Additional Information


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 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.

About Nicaragua

  • $4,800
    Average annual income
  • 30
    View loans »
    Nicaragua Loans Fundraising
  • $26,391,875
    Funds lent in using Kiva
  • 21.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Miguel Angel to improve and enlarge his home.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Feb 3, 2010
Mar 1, 2010
Currency Exchange Loss:
Feb 15, 2011