Yasmina Del Socorro
The loan will be used to buy sand and cement, and to hire workers. She is conscious of the fact that Ceprodel helps people with these kinds of needs so she is hoping she will receive the loan. This will allow her to begin renovating her humble dwelling so her family can enjoy better living conditions.
El crédito invertido será en la compra de arena, cemento y pago de mano de obra. Está consciente que Ceprodel ayuda a este tipo de personas con estas necesidades por lo que espera que dicho crédito sea otorgado para así iniciar su obra de mejora en su humilde casa de habitación y vivir en mejores condiciones con su familia.
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