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Milton José
Milton José lives in the city of Managua, Nicaragua, and works in the same city. Milton visited the office to request a loan, since he needs the money to make improvements to his home. He will invest the funds from the loan in buying construction materials such as sand, stone, concrete blocks and cement, and paying for labor. Milton José is grateful to Ceprodel for the loans he has obtained.
View original language description ↓
El señor Milton José vive en la ciudad de Managua Nicaragua trabaja en la misma cuidad.
Don Milton visito nuestra oficina para solicitar crédito ya que necesita el dinero para hacerles mejoras a la vivienda.
El préstamo lo va a invertir en la compra de materiales de construcción como arena, piedra, bloque, cemento
Y el pago de mano de obra.
Don José agrádese a ceprodel por los créditos obtenido

Additional Information


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

  • $4,800
    Average annual income
  • 70
    View loans »
    Nicaragua Loans Fundraising
  • $25,049,000
    Funds lent in using Kiva
  • 22.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Milton José to buy construction materials.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jun 10, 2011
Jul 11, 2011
Currency Exchange Loss:
Jun 15, 2012