She’s requesting a second loan from CEPRODEL [MFI] considering that she has paid off the last loan very well. This loan will be used to improve her house by starting to build a room, for which she needs to change the roof; thus, giving her family a better quality of life.
Actualmente es su segundo crédito que solicita a ceprodel el financiamiento anterior lo ha pagado muy bien, este que necesita es para mejorar de vivienda para comenzar a construir un cuarto con lo que pretende realizar cambio de techo, dándole una mejor condición de vida a 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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