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Luis Adolfo
Mr. R. works as a janitor. He is single and he has three individuals in his care. He has had 3 past loans with Ceprodel (Kiva Field Partner) and he is thankful for the support granted to him by this organization. This loan will be used to purchase an additional stretch of land and to give his family a roof over their head.
View original language description ↓
El Sr R. labora como Higienista es soltero, tiene tres persona al su cargo es el No. 3 del crédito que CEPRODEL le otorga, agradece el apoyo que le ha dado esta institución con este desembolso para complementar la comprar de un terreno, ya que me encuentro posando y para poderle un techo a mi 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

  • $4,800
    Average annual income
  • 102
    View loans »
    Nicaragua Loans Fundraising
  • $24,739,175
    Funds lent in using Kiva
  • 22.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Luis Adolfo to purchase construction materials.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2011
Listed
Apr 1, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 21, 2012