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Jorge Oreste
Mr. Jorge Oreste M. is married and has two children, one of which is in primary school, so it is necessary he provides the necessary conditions for their development. He has worked with loans from CEPRODEL (Center for the Promotion of Local Development and Poverty Eradication) over the course of one year, during which time he has invested two loans into the improvement of his home, since it has been in bad condition. With these loans he has been able to rebuild his home to give a better living condition for his children.

The loan he is requesting would be invested in the purchase of construction materials to replace the floor of the house he lives in, so it can benefit his children he loves so much.
View original language description ↓
El señor Jorge Oreste M., tiene a su cargo dos hijos, uno de ellos se encuentran en edad escolar por lo que le debe de brindar las condicinoes necesarias para su desarrollo. Es importante destacar que ha trabajado con créditos de CEPRODEL durante 12 meses, en ese lapso ha invertido dos créditos en la mejorar de las condiciones de su vivienda ya que ha estado en malas condiciones pero ahora ha iniciado a reconstruirla para brindarle una mejor condición de vida a sus hijos.

El crédito solicitado es para invertir en la compra de materiales de construcción para el cambio de piso de la vivienda en que habita, para así beneficiar a sus hijos a los que tanto ama.

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
  • 147
    View loans »
    Nicaragua Loans Fundraising
  • $24,102,725
    Funds lent in using Kiva
  • 20.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Jorge Oreste purchase construction materials.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2009
Listed
Dec 18, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011