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Olman Ramon
He is from San Francisco del Norte, Chinandega department. He has had 10 loans and has been an excellent client. He is asking for funds to repair and improve his home. He needs to buy building materials and supplies like: zinc metal sheeting, concrete blocks, cement, sand, lumber to live in a home that is proper for his family. In addition, the loan will make it possible for him to repair his home.
View original language description ↓
Este Señor es Originario del Municipio de San Francisco del Norte, Departamento de Chinandega, ha tenido 10 créditos ha sido un excelente cliente, solicita un crédito para mejorar su vivienda, repararla y comprar materiales de construcción tales como: laminas de zinc, bloques, cemento, arena, madera, para vivir en una casa digna para su familia.
Además por medio de este crédito va a poder reparar su vivienda.

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

  • $3,636
    Average annual income
  • 114
    View loans »
    Nicaragua Loans Fundraising
  • $23,732,625
    Funds lent in using Kiva
  • 21.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Olman Ramon to buy building materials and supplies.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2010
Listed
Apr 1, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 13, 2011