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Franklin David
Mr. Franklin David C. R. is an employee of the "Villa El Carmen Municipal Township," where he works as a land registry technician. He has been working there for two years and he has one school-age son. He has taken out two loans through CEPRODEL, both of which he used to buy construction materials like sand, cement, stone, gravel, cinder blocks, etc. in order to expand and improve his house. The loans from CEPRODEL have been of great benefit to him because they have made it possible for him to improve his and his family's living conditions.
View original language description ↓
El Sr. Franklin David C. R. él es trabajador activo de la Empresa “Alcaldía Municipal Villa el Carmen” desempeñándose como Técnico de Catastro tiene dos años de trabajar para esta institución, tiene un hijo en edad escolar. Ha tenido dos créditos con CEPRODEL y cada uno los ha realizado para la compra de materiales de construcción como Arena, Cemento, Piedra, Piedrín, Bloques etc. Para ampliar y mejorar su casa de habitación, los cuales los créditos con ceprodel le ha beneficiado en gran manera ya que de esta manera el ha mejorado su condición de vida de él y su familia.

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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,384,075
    Funds lent in using Kiva
  • 22.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Franklin David to buy construction materials like sand, cement, and stone.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2011
Listed
Feb 5, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2011