Vicente visited our office to request a loan because he needs to do some home improvements. The building supplies he’ll buy are: iron rods, concrete blocks and cement and he’ll also pay labor costs to erect a wall on the rear of his house.
Vicente thanks Ceprodel for the opportunity it provided by granting the loan.
El señor Vicente Lorgio vive en la ciudad de Managua trabaja en Managua padre de familia.
El señor Vicente visito nuestras oficina para solicitar un crédito por que necesita hacer una mejoras en su vivienda los materiales de construcción que el señor va a compra es hierro, bloque, cemento, y pago de mano de obra para la construcción de un muro de la parte trasera de su vivienda.
Don Vicente agradece a ceprodel por la oportunidad que se le brindo en otorgarle el crédito
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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