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Juan Sergio
Juan Sergio lives in the city of Managua. He’s a father and has worked as a Salesman in a private firm for the last two years. Juan Sergio visited our installation to request a loan because he needed the loan to invest in home improvements to provide his family with safe conditions. He will use the loan to buy cement, sand, concrete block and to pay labor costs because he’s going to use this material to add on to his house.
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El señor Juan Sergio vive en la ciudad de Managua
Es padre de familia trabaja en una empresa ubicada en la ciudad de Managua laborando como promotor desde dos año
Don Juan Sergio visito nuestra instalación para solicitar un crédito ya que necesitaba el crédito para invertir en una mejora para su vivienda y así darle a su familia una condición segura.
La inversión del crédito los va a utilizar para la compra de cemento, arena, bloque, y pago de mano de obra. Ya que con ese material va a poder hacer un anexo a la vivienda.

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
  • 66
    View loans »
    Nicaragua Loans Fundraising
  • $23,659,150
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Juan Sergio to buy building materials and supplies.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2011
Listed
Jul 10, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 29, 2012