He is 51 years of age and married with three children. He has lived in Villa Fraternidad, a suburb of Managua in the Managua municipality, for the last 14 years.
This is his first loan with CEPRODEL. He will use it to make improvements on his home and purchase building materials such as zinc and purlins.
Es casado de 51 años de edad, con tres personas a su cargo, vive en la ciudad de Managua en el municipio de Managua en villa fraternidad desde hace 14 años.
Este es el primer crédito con CEPRODEL lo solicita para Mejoramiento de Vivienda y compra de materiales de construcción tales como: Zinc y Perlìnes.
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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