He has a basic need to make an improvement to his home, that he wants to complete before the rainy season begins. This is the reason he came to Ceprodel, to take out a loan for the improvements to his humble home. He will buy cement, sand, paint, paint rollers, brushes, paint thinner and pay for labor. This will be used to make improvements to his home which will be a great benefit to him personally as well as his family.
El acude a Ceprodel porque requiere solicitar un crédito para el mejoramiento de su humilde vivienda y para ello comprará Cemento, Arena, Pintura, Rodos, Brochas, Thinner y Mano de Obra, Esto con el fin de iniciar el mejoramiento de su vivienda que tanto lo requierepara beneficio propio y familiar.
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