Mauricia is requesting a loan in order to buy construction materials needed to facilitate improvements to her home. With the proceeds, she plans to acquire 100 quarry stones and 20 bags of cement needed to finish this construction project and provide her family with better living conditions.
La señora Mauricia está solicitando un crédito para invertirlo en la compra de materiales de construcción para llevar a cabo el mejoramiento de su vivienda. Con el crédito comprará 100 piedras canteras y 20 bolsas de cemento para terminar de construir y así brindarle a su familia mejores condiciones de vida.
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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Success!! The loan was 100% repaid