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Marvin Santiago
Marvin works as a technical instructor at the university called Universidad Nacional Autónoma de Nicaragua.


He has three children who are of school age and his is married. He has had loans from CEPRODEL during the last twelve months, and in this period of time he has invested his loans in home improvements thanks to the financing offered by CEPRODEL. He is an excellent client.


The loans he is requesting will be used to buy construction materials such as: cement, sand, and stone for building a wall at the rear of the patio at his home.


His goal is to offer more security and a better standard of living to his children.

View original language description ↓
El Señor Marvin M. Castellón, Labora como Técnico Docente en la Universidad Nacional Autónoma de Nicaragua.
El tiene tres hijos a su cargo, y estos se encuentran en edad escolar, esta casado, ha trabajado créditos con CEPRODEL durante 12 mese, en este periodo de tiempo ha invertido un créditos en la mejoramiento de la vivienda en la que habita, gracias a los financiamiento otorgados por CEPRODEL, el es un cliente excelente.
El crédito solicitado es para invertir en la compra de materiales de construcción como: cemento, arena y piedra para la construcción de un muro en la parte trasera del patio de su casa.
Con el objetivo de Brindarles mayor seguridad y una mejor condición de vida a sus hijos.

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
  • 124
    View loans »
    Nicaragua Loans Fundraising
  • $24,557,075
    Funds lent in using Kiva
  • 20.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Marvin Santiago improvement and enlargement of his home.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2010
Listed
Feb 10, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2011