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Reynaldo Francisco
Señor Reynaldo G. has four dependents: his wife and his three children, who are studying in high school and college. This is his first loan with Ceprodel, and he will use it to close off part of the porch on his house. He works at the mayor's office in Managua and has been responsible for general services for eight years. He is thankful to Ceprodel for the opportunity they have offered him since it will let him improve the appearance of his home and improve his quality of life.
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El Señor Reynaldo G. tiene 4 personas a su cargo, su esposa y 3 hijos que están estudiando secundaria y universitario.

Es el primer crédito que trabaja con CEPRODEL es cual lo utilizará para cerrar parte del porche de su casa. Labora en la alcaldía de Managua como responsable de servicios generales desde hace 8 años.

Agradece a CEPRODEL por la oportunidad que le han brindado, ya que le permitirá mejorar la apariencia de su casa y por lo tanto mejorar su calidad de vida.

Additional Information

About CEPRODEL

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

  • $3,636
    Average annual income
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $23,659,150
    Funds lent in using Kiva
  • 20.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Reynaldo Francisco to improve the porch on his home.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2009
Listed
Nov 29, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2011