Mr. Jorge has been so dedicated to his work because he longs for his children to succeed in life and also because he needs to improve the facilities in his home. It is for this reason that Mr. S. has decided to buy the construction materials in order to reconstruct his home for his own satisfaction and that of his children.
El señor Jorge se ha dedicado con mucho empeño a su trabajo porque anhela que sus hijos lleguen a triunfar en la vida y también porque requiere mejorar las instalaciones de su vivienda. Es por este motivo que el señor S. ha decidido invertir en la compra de los materiales de construcción para dar lugar de esta manera a la reconstrucción de dicha vivienda para la satisfacción propia y la de sus hijos.
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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