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Franklin Ariel
Franklin Ariel lives in the town of Managua, and he works as a driver in the town of Managua.
He visited our offices to ask for a loan as he needs to make improvements on his house: as winter approaches, he needs to change the roof of his house.
He will buy zinc and purlines to change the roof of his house, and he his grateful to CEPRODEL for the loan he has been granted.
View original language description ↓
El señor franklin Ariel vive en la ciudad de Managua trabaja como conductor en la ciudad de Managua
El señor visito nuestra oficina para solicitar un crédito por que tiene la necesidad de hacer mejoras en su vivienda ya que debido a la llegada del invierno necesita cambiar el techo de su vivienda.
El señor va a comprar cinc ,perlines para el cambio del techo de su vivienda agradece a ceprodel por el préstamo que se le financio.

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
  • 109
    View loans »
    Nicaragua Loans Fundraising
  • $23,723,925
    Funds lent in using Kiva
  • 22.5
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Franklin Ariel to buy construction materials to make improvements on his house.
100% repaid
Repayment Term
28 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2011
Listed
Aug 11, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013