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Managua is a beautiful Nicaraguan city noted for its traditions. Faustino is a person of good habits and moral values. He makes an effort for his family and is currently employed by the state as a plumber. He came by Ceprodel to request a loan because he needs to buy doors and windows for his house because they are in poor condition. He thanks Ceprodel and Kiva for any support they may provide him by granting this loan that will help him improve his family’s quality of life.
View original language description ↓
Managua es una bella ciudad de Nicaragua; Que se caracteriza por sus tradiciones típicas.
Faustino es una persona de buenas costumbres y de buenos valores morales. Es luchador por su propio esfuerzo para su familia.

El actualmente trabaja para el estado y se desempeña como ayudante de fontanería. Se presentó a CEPRODEL para solicitar un crédito porque necesita comprar puertas y ventanas para su hogar ya que están en mal estado.

El agradece a CEPRODEL y KIVA por el apoyo que puedan brindarle otorgándole este financiamiento que ayudara a mejorar la calidad de vida de 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
  • 63
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Faustino to buy building materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 20, 2012
Dec 6, 2012
Currency Exchange Loss:
Jan 18, 2014