Álvaro S. turns to Ceprodel to benefit from a loan that will allow him to buy construction materials to make improvements to his home. He needs to buy beams, sheets of zinc, paint and nails for the roof of his house, which is deteriorated and leaks in wintertime.
It’s worth mentioning that, since obtaining financing through Ceprodel, I have been able to improve the standard of living for my family.
Cabe mencionar que desde que ceprodel me ha estado financiando créditos e podido mejorar mis condiciones de vida para mi familia.
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.
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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