At the moment, the house where he lives with his family is a rental. This is why all the loans offered to him by Ceprodel have been to acquire construction materials to begin building his own home and to provide a decent life for his children.
One of his current needs is to take out a loan to buy construction materials such as bricks, iron, and zinc roofing. For this reason, he has decided to request his fifth loan with Ceprodel, with the goal of filling this need.
Actualmente la vivienda donde habita con su familia es alquilada, por lo que todos los créditos que le ha otorgado Ceprodel han sido para adquirir materiales de construcción para iniciar a construir su propia vivienda y darle una vida digna a sus hijos, una de las necesidades que tiene en estos momentos es adquirir un préstamo para comprar materiales de construcción como ladrillos, hierro y zinc, por tal razón decidió solicitar su quinto crédito en Ceprodel con el objetivo de cumplir con su necesidad.
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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