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Eligio José
This gentleman, Eligio José P. Maradiaga, is sixty-nine-years-old and married. He is currently responsible only for his wife, with whom he has had seven children. His past history includes owning a footwear-sales business during the 70's and being a deputy during the 80's, and in 1994 he was the mayor of his city. He currently enjoys a retirement pension while writing a little magazine related to the town where he lives.

He has received six loans from our organization, which have allowed him to pay his personal expenses. He used the most recent one to improve his house. It's worth mentioning that with respect to his past five loans, he has been very responsible with his payments.
View original language description ↓
Este Sr. Se llama Eligio José P. Maradiaga, es casado, tiene 69 años de edad, a su cargo tiene solamente a su señora con la cual procreo Siete hijos, en el haber de su historia, este señor ha sido propietario de una venta de calzado en los años 70, fue Diputado en los años 80, y en el año 94 Alcalde de esta ciudad, actualmente goza de una pensión por vejez, y a la vez se dedica escribir una pequeña revista en la cual hace referencias históricas del pueblo donde él habita.

Con nuestra institución ha obtenido la cantidad de seis créditos, los cuales le han servido para realizar gastos personales y este último para mejorar su vivienda, vale mencionar que en los cinco créditos otorgados anteriormente ha sido muy responsable con sus obligaciones.

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
  • 74
    View loans »
    Nicaragua Loans Fundraising
  • $25,787,975
    Funds lent in using Kiva
  • 21.4
    Nicaragua Cordobas (NIO) = $1 USD
A loan of $950 helped Eligio José to buy home-improvement materials to (zinc sheets, wood, cement, sand, and nails).
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 24, 2010
May 1, 2010
Currency Exchange Loss:
May 31, 2010