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Miguel Ángel
Miguel works as a collector. He is single and has one person in his care. This is the first loan that Ceprodel have granted him. Miguel would like to thank the institution for having provided him with this loan which he will use to buy construction supplies such as sand, cement, blocks, iron, brace and nails, and to pay labor costs, so that he can have one of the walls in his home repaired.
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EL SEÑOR MIGUEL LABORA COMO COLECTOR ,ES SOLTERO,TIENE UNA PERSONA A SU CARGO,ES LE PRIMER CREDITO QUE CEPRODEL LE OTORGA, DA GRACIA A ESTA INSTITUCION POR BRINDALE ESTE DESEMBOLSO QUE SERA UTILIZADO PARA COMPRA DE MATERIALES DE CONSTRUCCION COMO ARENA, CEMENTO, BLOQUE, HIERRO,ESTRIBO, CLAVO,MANO DE OBRA PARA REPARAR PARED DE SU VIVIENDA.

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
  • 129
    View loans »
    Nicaragua Loans Fundraising
  • $24,046,775
    Funds lent in using Kiva
  • 22.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Miguel Ángel to buy construction supplies to make improvements to his home.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2011
Listed
Apr 4, 2011
Currency Exchange Loss:
Covered
Ended:
May 28, 2012