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Mario Francisco
Mario works in the city of Managua and is dedicated to the task of maintaining his humble home. He is married with three children and wants to offer them the necessary conditions to develop and be working professionals. He is motivated by his children, as it is the pride and joy of all parents that their children grow to be professionals.

Dedicated to the well being of his children, Mario is asking for a loan to invest in the purchase of construction materials to improve his home. With the loan he will buy sand, concrete blocks, iron and posts. He hopes that the loan is offered so as to begin the home improvements.
View original language description ↓
El señor Mario labora en la ciudad de Managua dedicándose con mucho ahínco para mantener su humilde hogar. Es casado y con tres hijos a quienes debe proporcionar las condiciones necesarias para que se desarrollen y así lleguen a ser grandes profesionales. El motivo de sus esfuerzos son sus hijos debido a que el orgullo y alegría de todo padre es llegar a tener hijos profesionales.

Comprometido con el bienestar de sus hijos, está solicitando un crédito para invertirlo en la compra de materiales de construcción para mejorar las condiciones de su casa y así beneficiar a sus amados hijos. Con dicho crédito comprará arena, bloques, cemento, hierro y estribos. Espera que el crédito le sea otorgado para iniciar con la mejora 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
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $23,502,375
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Mario Francisco to buy building materials and supplies.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2011
Listed
May 28, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2013