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LAraceli G. R. is an employee at the Ministry of Health, in the position of Financial Director. She has been working at this institution for twenty-two years and has two school-aged children.

She has had four loans through CEPRODEL, and each one has been used to buy construction materials to expand and improve her home.

The loans have greatly benefited her by improving her and her family’s standard of living.
View original language description ↓
La Sra. Araceli G. R. es trabajadora Activa del Ministerio de Salud desempeñándose como Responsable de Finanzas tiene veinte y dos años de trabajar para esta institución tiene dos hijos en edad escolar. Ha tenido cuatro créditos con CEPRODEL y cada uno los ha realizado para la compra de materiales de construcción para ampliar y mejorar su casa de habitación, de cuales los créditos con ceprodel le han beneficiado en gran manera ya que de esta manera ella ha mejorado su condición de vida de ella y su familia.

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
  • 37
    View loans »
    Nicaragua Loans Fundraising
  • $26,398,725
    Funds lent in using Kiva
  • 21.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Araceli sand, cement, stone, cinderblocks.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 20, 2010
Nov 3, 2010
Currency Exchange Loss:
Jun 21, 2012