Olga Del Socorro
She is single, doesn’t have children, and has two people that depend on her: her mother and grandmother.
This is the first time she has taken a loan through CEPRODEL. She states that she liked having the opportunity to access credit and, through this loan, would like to make her life’s dream a reality.
Es soltera, no tiene hijos, tiene dos personas que dependen de ella su mamá y su abuelita.
Es primera vez que hace préstamo en CEPRODEL, dice que le gustó la política de crédito que le ofreció y por medio de este crédito podrá mejorar sacar adelante su proyecto 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