Nicaragua > CEPRODEL

About the Field Partner

Field Partner:	CEPRODEL
Field Partner Risk Rating:	(Learn more)
Time On Kiva:	25 months
Kiva Entrepreneurs:	2280
Total Loans:	$1,121,900
Delinquency Rate:	0.65%
Default Rate:	0.00%
Currency Exchange Loss Rate:	0.00%
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Kiva Fundraising Status

Fundraising Status:	Active
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Other Information Sources

MIX Profile:	View MIX Profile
Network Affiliation:	ASOMIF - Asociación Nicaragüense de Instituciones de Microfinanzas
Social Performance Reporting Level:	N/A
Consumer Protection Principles:	N/A
Field Partner Website:	View Website
Email Contact:	None

Founded in 1991, the Centro de Promoción del Desarrollo Local (CEPRODEL) is a nonprofit organization (NGO) based in Managua that develops community-based socioeconomic programs to help alleviate poverty throughout western Nicaragua. CEPRODEL develops housing cooperatives for low-income families, provides microfinance loan services to small business owners and livestock and agricultural workers, and promotes renewable energy and improved water quality by offering loans and subsidies for solar panels, water tanks, filters and pumps.

CEPRODEL's 120 employees work in 16 offices serving 14,000 clients (60% of whom are women) and dozens of cooperatives. The majority of CEPRODEL programs aim to boost income for women who are the primary breadwinners in Nicaraguan households where many of the men have emigrated to the United States, Costa Rica, El Salvador or Spain seeking economic opportunity.

In November 2008, the European Microfinance Platform recognized CEPRODEL's renewable energy and improved water quality microfinance initiatives in the rural sector at the 2nd European Microfinance Award for Social Responsibility and selected its application as one of "seven of the most innovative and promising case studies to disseminate alongside the three winners in hopes of inspiring the microfinance sector." The case study was published in European Dialogue Number 2, May 2009

Funders have included Sostenica, Inc., Inter-American Foundation, Dutch International Guarantees for Housing, BCIE (Banco Centroamericano de Integración Económica), Katalysis Bootstrap Fund, the European Union, Swiss Cooperative Centre, INCOFIN, Oikocredit and Blue Orchard.

In addition, CEPRODEL is affiliated with Habitat International Coalition, the Association of Microfinance Institutions from Nicaragua (ASOMIF), the Local Development and Housing Network, and the International Network of Alternative Financial Institutions (INAFI).

CEPRODEL began working with Kiva in October 2007 and has a five-star field partner risk rating. Join the Fans of CEPRODEL Kiva Lending Team , make another loan to a CEPRODEL client when available or check out photos of CEPRODEL's loan officers from different branches.