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Cirilo
Sr. M. works as a driver and lives with two dependent children. This is the first loan he has received from CEPRODEL. He is grateful for the opportunity being given to him. The funds will be used to make an improvement to his home. He will buy materials, such as pipes, so that sewage service can be installed. In addition, he will pay for labor.
View original language description ↓
El Sr M. labora como conductor es acompañado, tiene dos hijos a su cargo, es el primer del crédito que CEPRODEL le otorga, agradece la oportunidad que le brindan esta institución con este desembolso, para poder mejorar su vivienda, comprar materiales de tubería para instalación de servicio higiénico, mano de 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
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $23,621,150
    Funds lent in using Kiva
  • 22.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Cirilo purchase materials & pay for labor so that his home can receive sewage service.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 1, 2011
Listed
Mar 2, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 28, 2012