Check out some available loans that are similar to this one!
Freddy
Freddy is from the city of Managua and works in the technical field. He has been characterized as a hard-working, honorable man with good values and moral principles. He came to CEPRODEL to request a loan that he will invest in home improvements. In order to give his family a better quality of life, he will build an annex onto one room, pay for labor, and buy construction materials like cinder block, cement, iron bars, and sand.
View original language description ↓
Es de la ciudad de Managua, señor Freddy se desempeña en el área técnica, se ha caracterizado por ser una persona honrada trabajadora con buenos valores y principios morales.
Se presento ante esta oficina de Ceprodel para solicitar un crédito para ser invertido en mejoramiento en su vivienda en realizar un anexo de un cuarto y compra materiales de construcción como bloque, cemento, hierro, arena y mano obra, para darle una mejor calidad de vida a su 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

  • $3,636
    Average annual income
  • 123
    View loans »
    Nicaragua Loans Fundraising
  • $23,820,300
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Freddy to improve his home.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2011
Listed
Jun 8, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2013