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In the municipality of Chinandega city Mr. Terencio V. farms corn. Currently it is the harvest and he harvests the corn in large sacks that will later be sold. The situation that Terencio has faced for a long time is that in his community they don’t have electrical power because they are in a distant zone, and because of this he decided to solicit Ceprodel for a loan in order to buy a solar panel for his home so he may have the use of at least two lamps to provide light at night and enable him to finish his farming.

Upon acquiring the panel he will need to pay the bill so he hopes that Ceprodel will provide him a loan to help purchase the panel and in this way continue to support his family which consists of his wife and two small children for whom he has to provide the education that they need.
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En el municipio de Somotillo de la ciudad de Chinandega el señor Terencio V. se dedica a su actividad agrícola de siembra de maíz el cual al momento que se da la cosecha él lo extrae en grandes sacos los cuales después son vendidos. La situación que por mucho tiempo ha atravesado el señor Terencio es que en su comunidad no poseen energía eléctrica por ser una zona muy alejada y es por este motivo que decidió solicitar un crédito a Ceprodel para la compra de un panel solar para su casa el cual tenga acceso por lo menos a dos lámparas para alumbrarse por la noche y llevar a cabo su actividad agrícola.

Al haber adquirido el panel requiere cancelar dicha deuda y por esto espera en que Ceprodel le beneficie con un crédito para la compra del panel y de esta forma continuar con el mantenimiento de su familia compuesta por su cónyuge y sus dos pequeños hijos a los que tiene que proporcionarles la educación escolar que ellos requieren.

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
  • 61
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 20.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Terencio pay for a solar panel for his home.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Jan 30, 2009
Feb 27, 2009
Currency Exchange Loss:
Feb 15, 2010