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Oscar Danilo
Mr. Oscar works as a driver in the eastern market in Managua. He has three children that go to school. He has had loans from CEPRODEL in the past four years. During this time he has had five loans which he has used to improve the home in which he lives. He gives thanks to CEPRODEL for providing him with these loans. He is an excellent customer.
With the money from the loan he is requesting, he will buy the necessary materials so that he can change the electrical system in his home. This will provide better security and conditions for his daughter.
Oscar said thanks for the loans given to him by CEPRODEL. They have helped him provide a secure home for his family.
View original language description ↓
EL Señor Oscar Danilo López, Labora como conductor en el Mercado Oriental de Managua, el tiene tres hijos, estos se encuentran en edad escolar, ha trabajado créditos con CEPRODEL durante cuatro años, en ese lapso ha invertido 5 créditos en la mejoramiento de la vivienda en la que habita gracias a los financiamiento otorgados por CEPRODEL, el es un excelente Cliente.

El crédito solicitado es para invertir en la compra de materiales requerido para el cambio del sistema eléctrico de la vivienda, para Brindarle mayor seguridad y una mejor condición de vida a su hija.

Oscar dijo que gracias a los préstamos otorgados por ceprodel le han ayudado mucho ya que ahora cuenta con una vivienda segura para 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
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,828,400
    Funds lent in using Kiva
  • 20.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Oscar Danilo to improve his home and make it better.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2009
Listed
Jan 14, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011