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Oscar Danilo
Mr. S. works as a construction supervisor; he is married with 2 children he supports. This is the first loan he is receiving from Ceprodel and he is grateful for the opportunity he is receiving through the institution for approving him for the loan. He will use this loan to pay off a debt from the bank and to purchase cement, blocks, steel, sand, buttresses, and to hire workmen to repair the walls of his home.
View original language description ↓

EL SEÑOR S. LABORA COMO SUPERVISOR DE OBRA DE CONSTRUCCION ,ES CASADO ,TIENE DOS HIJOS A SU CARGO, ES EL PRIMER CREDITO QUE CEPRODEL LE OTORGA, AGRADECE LA OPORTUNIDAD QUE LE HAN BRINDADO ESTA INSTITUCION CON LOS DESEMBOLSO QUE LE HAN APROBADO , ESTE CREDITO LO NECESITA PARA CANCELAR DEUDA DE BANCO Y COMPRAR CEMENTO, BLOQUE, HIERRO,ARENA,ESTRIBO , MANO DE OBRA,PARA REPARAR PARED EN 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
  • 101
    View loans »
    Nicaragua Loans Fundraising
  • $24,397,050
    Funds lent in using Kiva
  • 22.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Oscar Danilo to purchase construction materials.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2011
Listed
Apr 4, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 12, 2012