Don Nordo visited the offices of CEPRODEL to request a home improvement loan so that he could invest in the purchase of construction materials such as cement, sand, stone, and gravel in order to finish building a room. He says that he is grateful for the loans CEPRODEL has provided since they have allowed him to improve his home and provide better living conditions for his family.
NORDO OMAR F. S., ES DE MANAGUA, TRABAJA COMO OFICINISTA, ES PADRE DE FAMILIA DE TRES HIJOS Y SOLO UNO ESTA EN EL COLEGIO.
DON NORDO ACUDE A LAS OFICINAS DE CEPRODEL PARA SOLICITAR UN PRESTAMO PARA EL MEJORAMIENTO DE SU VIVIENDA PARA INVERTIR EN LA COMPRA DE MATERIALES DE CONSTRUCCION COMO: CEMENTO, ARENA, PIEDRA Y PIEDRIN PARA TERMINAR DE CONSTRUIR UN CUARTO.
NORDO DICE QUE GRACIAS A LOS FINANCIAMIENTOS OTORGADOS POR CEPRODEL HA VENIDO MEJORANDO SU CASA DE HABITACION Y A BRINDADO MEJORES CONDICIONES DE VIDA A SU FAMILIA.
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