Update on Adriana MercedesAdriana is 57, is married and has three children. One of them is under her care and is studying a degree in Law at the university. Adriana is a happy, hardworking and enterprising woman with a desire to get ahead and goals to achieve. She has been working for the Mayor's office for 15 years and she serves as a secretary.
The loans she's obtained have been of great impact in her life because little by little, she has made necessary improvements to her house. One of her dreams is that her children make themselves into professionals and that they can be good people in society. Adriana is going to buy wood in order to replace the roof on one of her children's houses.
Doña Adriana comprara madera,ya que le cambiara la que actualmente tiene en el techo de una de las habitaciones de sus hijos.
Previous Loan DetailsAdriana is 54 years old, is married and has three children, of whom two depend on her. Her daughter attends 5th year of Biology and his son attends his 3rd year of Law. Adriana works for a governmental institution for 14 years. She is an entrepreneur, happy, with a desire to excel for her and her... More from Adriana Mercedes's previous loan »
About CEPRODELThis 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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.
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