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Reynaldo Jose
Mr. G. works as a construction laborer. He is married and is raising children. This is his first loan with CEPRODEL. He is grateful for the support offered by it. With it, he will buy construction materials such as sand, cement, and iron, as well as to pay for labor to do some home improvement by enlarging some rooms.
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El señor G. labora como maestro de obar de construccion es casado, tiene un hijos a su cargo, es el primer del crédito que CEPRODEL le otorga, agradece el apoyo que le brindan con este desembolso, para realizarse compra de materiales de construcción como arena, cemento, hierro, y pago de mano de obra para mejora de su vivienda en ampliar cuartos.

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
  • 93
    View loans »
    Nicaragua Loans Fundraising
  • $24,768,325
    Funds lent in using Kiva
  • 22.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Reynaldo Jose to do home improvement.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2011
Listed
Apr 1, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 11, 2012