The requested loan will be used to purchase construction materials such as roofing materials, corrugated metal roofing, paint, and nails for the roof of his house. The roof was in poor condition and leaked during the winter.
The objective of all this is to give better security and living conditions to his children.
Ernesto said that loans granted had been used to improve his residence.
El crédito solicitado es para invertir en la compra de materiales de construcción como: perlines, zinc, pintura y clavos pare el techo de su casa de habitación por lo que anteriormente este se encontraba en mal estado y esto hacia que el agua se metiera en su casa de habitación en invierno.
Todo esto con el objetivo de Brindarles mayor seguridad y una mejor condición de vida a sus hijos.
Ernesto dijo que los préstamos otorgados han sido para el mejoramiento de 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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