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Aracely Del Socorro
Aracely M. is married and has two children. She depends upon her husband’s business and salary. She has been granted a loan to make housing improvements and purchase materials that are expensive. She will purchase 8 iron rods, zinc metal sheeting, gravel, and cement. She is grateful for CEPRODEL for their support in the project.
View original language description ↓
La señora Aracely M. es casada tiene dos hijos depende de un negocio y el salario de su esposo. Se le ha otorgado un crédito para mejorar su vivienda compra de materiales ya que son caros y apenas comprara 8 hierro, cin , piedrín y cemento. Agradece a CEPRODEL por su apoyo en la obra.

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
  • 175
    View loans »
    Nicaragua Loans Fundraising
  • $23,211,000
    Funds lent in using Kiva
  • 21.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Aracely Del Socorro housing improvements (purchase of iron, zinc, gravel and cement).
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2010
Listed
Oct 7, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 6, 2011