Seeing as his home has been in bad shape, Francisco has begun working to improve his home. He therefore came to Ceprodel to request a loan in order to purchase construction materials and continue working on his home. He hopes that his loan request will be granted, thereby allowing him to complete his renovations and give his children a better home.
En vistas a que su vivienda ha estado en malas condiciones, el señor Francisco ha iniciado a reconstruir su vivienda y para ello ha acudido a Ceprodel con el fin de solicitar un crédito para la compra de los materiales de construcción y así dar paso al mejoramiento de su vivienda. Espera muy confiadamente que su crédito le será otorgado y de esta manera mejorará en gran parte su vivienda y por ende le brindará mejores condiciones de vida a 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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