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Walter Enrique
In the municipality of Somotillo, Mr. Walter R. - with great effort - works hard with the goal of supporting his family and his household. He supports his three children, providing them with an education and what they need at home.

Mr. R. is having great difficulty currently - his home is in need of repairs. He has decided he would like to make improvements to his home in order to provide better living conditions for his children. He is requesting this loan to buy the construction materials he needs so that he can have a decent home in which his children will thrive.
View original language description ↓
En el municipio de Somotillo, el señor Walter R. con gran esfuerzo se dedica a trabajar arduamente con el fin de llevar el sustento a su casa de habitación que mucho requiere de él. Está en el deber de mantener a sus tres hijos y brindarles los estudios y las condiciones necesarias para vivir en su vivienda.

Una dificultad que atraviesa actualmente es que requiere mejorar las condiciones de su vivienda porque se ha visto afectada y es por esta razón que ha decidido iniciar a reconstruir dicha vivienda para brindarle mejores condiciones a sus hijos. Solicita el crédito para invertirlo en la compra de los materiales de construcción y de esta manera llegar a cumplir sus sueños de tener una vivienda digna donde sus hijos se puedan desarrollar.

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
  • 62
    View loans »
    Nicaragua Loans Fundraising
  • $23,418,850
    Funds lent in using Kiva
  • 20.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Walter Enrique buying construction materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2009
Listed
Dec 22, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010