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Marvin Santiago
Marvin Santiago lives in the city of Managua. He is known to be an honest, excellent, and efficient person in the company where he works.

Marvin approached the offices of Ceprodel (Kiva Field Partner) to request a loan to carry out home improvements. He will purchase construction materials such as cement, construction rocks, sand, gravel, and to cover the labor expenses.

Marvin tells us that it is thanks to loans from Ceprodel that he has been able to improve his home and to provide his family with better living conditions.
View original language description ↓
Marvin Santiago vive en la Cuidad de Managua, se conoce como una persona honesta, excelente y eficiente en la empresa que labora.
Don Marvin acudió a las oficinas de ceprodel a Solicitar un préstamo para hacer mejoras de su vivienda. Para compra de materiales de construcción como cemento, piedra, arena, piedrín y para el pago de mano de obra.
El señor Marvin nos manifiesta que gracias a los créditos con ceprodel a mejorado su casa de habitación para poder darle a su familia mejores condiciones de vida

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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $23,814,675
    Funds lent in using Kiva
  • 22.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Marvin Santiago to purchase construction materials.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2011
Listed
Jun 9, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013