William came to the offices of Ceprodel to request a loan to improve his home. This loan will be used to buy building materials to repair the roof of one of the rooms in his house since it is in bad shape. It will also be used to buy five meters of tiles to add to his bathroom.
This is all so that his family enjoys a better home.
William acude a las oficinas de ceprodel para solicitar un préstamo para el mejoramiento de su vivienda, por lo que este préstamo será utilizado en la compra de materiales de construcción para reparar el techo de su casa de habitación ya que este se encuentra en mal estado y para la compra de cinco metros de cerámica para ponerle al baño.
Todo esto es para que su familia goce de mejores condiciones de una vivienda.
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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Success!! The loan was 100% repaid