Check out some available loans that are similar to this one!
Fermín De Jesús
Fermín de Jesús lives in the city of Managua, Nicaragua and works there too. He visited our offices to request a loan because he needs money to do some home improvements. He will use the loan to buy building materials and supplies like sand, stone and concrete blocks and to pay labor costs. The home improvement he plans to carry out is erecting two walls. Fermín is grateful to Ceprodel because thanks to the loans obtained he’s been improving his dwelling.
View original language description ↓
El señor Fermín de Jesús vive en la ciudad de Managua Nicaragua trabaja en la misma ciudad.
Don Fermín 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. Las mejoras que el señor va a realizar es la construcción de dos paredes de su vivienda.
El señor Fermín agradece a ceprodel por que gracias a los prestamos obtenido ha ido mejorando su 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

  • $4,800
    Average annual income
  • 110
    View loans »
    Nicaragua Loans Fundraising
  • $24,832,275
    Funds lent in using Kiva
  • 22.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Fermín De Jesús to buy building materials and supplies and to pay labor costs.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2011
Listed
Aug 9, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013