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Carlos Enrique
Carlos M. has begun to make some home improvements to his house in the town of Somotillo in Chinandega. He wants to provide his children with a proper home where they can develop satisfactorily. This is why he is making these improvements to his home and why he needs funding to buy building materials to finish his project thereby attaining satisfaction for his entire family.
View original language description ↓
Con mucho esfuerzo en el municipio de Somotillo en Chinandega, el señor Carlos M. ha iniciado a mejorar las condiciones de su vivienda ya que requiere brindarle a sus hijos un techo digno donde vivir y un lugar donde puedan desarrollarse satisfactoriamente.

Es por esta razón que el señor Carlos está llevando a cabo el mejoramiento de su vivienda y para ello solicita un crédito para la compra de los materiales de construcción y así continuar con dicha obra hasta acabarla y lograr la satisfacción de toda su familia.

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

  • $4,800
    Average annual income
  • 134
    View loans »
    Nicaragua Loans Fundraising
  • $24,576,775
    Funds lent in using Kiva
  • 20.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Carlos Enrique to buy building materials.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2009
Listed
Jan 11, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2011