Norman came by Ceprodel’s offices to request a loan to install a sewer connection in his house. He will use the loan to buy PVC tubing and adhesives as well as to pay labor costs.
He states that thanks to the loans Ceprodel has granted him he’s going to be able to complete this project that will improve the conditions of his dwelling.
Don Norman acudió a las oficinas de ceprodel a Solicitar un préstamo para hacer las instalaciones de aguas negras en su vivienda.
El préstamo lo va a utilizar para la compra de tubos PVC pegamento y pago de mano de obra
El señor nos manifiesta que gracias a créditos que ceprodel le dio va a poder realizar ese proyecto que viene a mejorar las condiciones en su vivienda.
About CEPRODELThis 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.
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