The loan he is now requesting will be used to buy construction materials, such as zinc and crossbeams, to replace part of the roof of his house since it is bad condition. His objective is to provide greater security and better living conditions for his children. Fernando thanks CEPRODEL for providing the loans that make it possible for him to improve his home.
El crédito solicitado es para invertir en la compra de materiales de construcción como: zinc y perlines por lo que va a cambiar una parte del techo de su casa el que se encuentra en mal estado.
Con el objetivo de Brindarles mayor seguridad y una mejor condición de vida a sus hijos.
Fernando dijo que gracias a los préstamos otorgados por ceprodel ha podido mejorar su vivienda.
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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