She has recently come to CEPRODEL to ask for a loan she will use to make improvements to her house. In order to have her house repaired and to offer better living conditions to her family, she will use the loan to buy construction materials such as cement, blocks, iron and buttress, as well as to pay for labor costs.
Actualmente ha acudido a ceprodel con el fin de solicitar un crédito para mejorar la condición de su vivienda, con este desembolso comprara materiales de construcción tales como cemento, bloque, hierro, estribo y pago de mano de obra, para poder reparar su hogar y poder dar una mejor condición de vida a sus familia.
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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Success!! The loan was 100% repaid