Check out some available loans that are similar to this one!
Efrain is 67 years old. He lives in Chichigalpa city, which is in the western part of Nicaragua, known for its sugarcane production. It is one of the hottest regions in Nicaragua.

Efrain has a business in diversified clothing, shoes, cosmetics, as well as other things. The funds provided by CEPRODEL and Kiva were used to increase the inventory of the business.

Currently, the business is being managed by his daughter because Efrain is suffering from an illness. Due to his medical state, his daughter is leading the family business. Before his daughter took over, Efrain and his wife were managing the business. The disease requires his wife has to take care of and support Efrain in his declining state. They believe the cause of his illness to be his 16 years of labor operating heavy machinery, (old excavators and power shovels). The machinery is used to create waterways, dikes, terraces, among other things in order to bring water to the sugar plantation.

Efrain is married, had 6 children, 5 of which are still alive today. One son passed away in a work-related accident while working in the fields 2 years ago. Both he and his wife look after their daughter-in-law and grandchild's well-being.

Efrain has worked for about 3 consecutive years with CEPRODEL, and this is his first loan from Kiva. He says that the funds he received increased the sales in his business and consequently his family's income, offering them an improved quality of life.
View original language description ↓
El señor Efraín tiene 67 años de edad. Vive en el municipio Chichigalpa, un lugar en el oeste de Nicaragua, conocido por su producción de caña y azúcar. Es uno de los lugares más caliente de Nicaragua.
El señor Efraín cuenta con un negocio de diversificado de comercio de ropas, zapatos, cosméticos etcétera. Los fondos que se facilitaron el institución CEPRODEL y Kiva fueron destinados para aumentar el inventario de mercadería de negocio. Actualmente, el negocio se maneja su hija porque el señor Efraín está sufriendo de una enfermedad. Debido de que ha estado enfermo, su hija está administrando el negocio familiar. Antes de que su hija administre el mismo, el señor Efraín y su esposa eran quienes administraron el negocio. La enfermedad del señor Efraín impacto la familia en que su esposa tenía que cuidarle y asistirle cuando el señor Efraín se decaído.
La causa de la enfermedad del señor Efraín supone que fue a causa de los 16 años que trabajo como operario de maquinaria pesada (retro excavadoras y palas mecánicas etc.).
Esa maquinaria se utiliza para crear conductores de agua, diques, terrazas entre otros para dirigir el agua hacia la plantación de caña.
El señor Efraín está casado. Tuvo 6 hijos de los cuales 5 están vivos. Un hijo se falleció trabajando en el campo en un accidente laboral hace 2 años. Tanto el cómo su esposa velan por el bienestar de su nuera como de su nieto.
El señor Efraín ha trabajado alrededor de 3 años consecutivo con CEPRODEL y es su primer préstamo de Kiva.
El señor Efraín manifestó que el los fondos que se dieron aumento los niveles de ventas en su negocio y que por ende aumento el ingreso familiar, dándoles una mejor calidad de vida.

Additional Information

More information about this loan

This loan is part of CEPRODEL's program to lend to individuals who suffer from work-related health problems.  These individuals are frequently rejected for loans by microfinance institutions due to poor health and low income. CEPRODEL is offering loans to these clients and their families for a range of purposes, including working capital to help them start or grow small businesses. For borrowers starting new businesses, CEPRODEL waives its requirement that recipients have over one year of experience in the field. Given the relatively higher risk of lending to these borrowers, CEPRODEL would not be able to offer these loans without the flexible, risk-tolerant capital provided by Kiva lenders.

Please note that the faces of CEPRODEL borrowers may be blurred in an effort to avoid safety risks and to maintain their privacy.


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
  • 54
    View loans »
    Nicaragua Loans Fundraising
  • $26,258,500
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Efrain to purchase inventory for his business selling clothing, shoes, cosmetics, and other things.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 13, 2012
Sep 28, 2012
Currency Exchange Loss:
Oct 17, 2013