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Miguel Ángel
Miguel Avalo lives in the city of Managua, capital of Nicaragua.
He is a responsible father with a strong desire to overcome, both for himself and his family.
He visited our office to request a loan, since he wants to improve his home.
With the loan, he is going to buy materials such as cement, wood and sand, and hire labour.
He is going to apply this cement coating to finish off the walls of a bedroom.
View original language description ↓
Miguel Avalo vive en la cuidad de Managua capital ce Nicaragua.
El señor es padre de familia responsable con muchos deseo de superación tanto para el como para su familia
El señor visito nuestras oficina para solicitar un crédito ya que quiere hacer mejoras en su vivienda
El señor con el préstamo va a compra materiales de cómo cemento , bosque, arena, y pagar mano de obra
El señor va hacer aplicación en un cuarto de habitación

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
  • 150
    View loans »
    Nicaragua Loans Fundraising
  • $24,071,325
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Miguel Ángel to buy construction materials.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2011
Listed
Jun 14, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 28, 2011