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Freddy Salvador
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Fredy O. is a gentleman from the municipality of San Rafael del Sur and owns a carpentry business, which he runs from his home where his clients visit him. He specializes in woodwork, and has created a name for himself by making different kinds of fine furniture as well as any other type of wooden items requested by his clients.

He has been carrying out this activity with the sole purpose of subsisting and maintaining his family which consists of his wife and two children, whom he must support. Currently, he is requesting a loan from Ceprodel to purchase lumber as the prime material for his business. It is necessary to point out that to date, he has received a total of four loans, all of which have been repaid in timely fashion and in the manner established by the institution.

Translated from Spanish by Evelyn Garcia, Kiva Volunteer.

Fredy O. es un caballero del municipio de San Rafael del Sur el cual se dedica al negocio de la carpintería el cual atiende en su propia casa de habitación a sus clientes que le visitan. Él es especialista en el trabajo con la madera y se ha destacado por hacer diferentes tipos de muebles finos y además cualquier otro tipo de artículo de madera solicitado por el cliente.

Se ha desempeñado a esta labor con el único fin de subsistir y además de mantener a su familia compuesta por su esposa y dos hijos a los que tiene el deber de mantener. Actualmente solicita crédito en Ceprodel para la compra de la madera como materia prima para el negocio. Es necesario destacar que hasta hoy posee un total de cuatro créditos todos pagados en tiempo y forma de acuerdo a lo establecido con la institución.

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 Nicaragua

  • $4,800
    Average annual income
  • 76
    View loans »
    Nicaragua Loans Fundraising
  • $25,787,975
    Funds lent in using Kiva
  • 19.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Freddy Salvador purchase lumber for his carpentry business.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Jun 23, 2008
Jun 9, 2008
Currency Exchange Loss:
Sep 15, 2009