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Luis Manuel
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In the Condega neighborhood in the city of Estelí, you can find Luis G. working his hardest in an effort to improve his family's living conditions. Luis has been able to get ahead thanks to his hard work.


Today, in an effort to provide his children with a better quality of life, Luis has decided to rebuild his house, which has been in need of repairs for some time now. He has already rebuilt part of the house, but lacks the economic resources to complete reconstruction on the other part of the house.


Luis is requesting this loan from Ceprodel in order to buy the construction materials he needs to complete his home repairs. It should be noted that Luis has been a reliable client for Ceprodel, having repaid all of his previous loans in the agreed-upon form and time frame.


Translated by Cynthia McMurry, Kiva volunteer


En el municipio de Condega de la ciudad de Estelí, el caballero Luis G. se dedica arduamente a su negocio con el objetivo de mejorar las condiciones de vida de su familia el cual necesita de él para subsistir. Es de suma necesidad que este señor ha logrado salir adelante gracias a sus grandes esfuerzos. Hoy en día al estar consciente del deber de brindarle a sus hijos un mejor nivel de vida ha decidido iniciar con la reconstrucción de su casa de habitación el cual ha estado en mal estado por mucho tiempo. Al haber iniciado esta labor ha logrado reparar parte de su vivienda sin embargo la otra parte aun no la ha iniciado por el hecho de la ausencia del recurso económico.


Hoy en día ha buscado el apoyo crediticio en Ceprodel para ser beneficiado con el crédito necesario que le permita la compra de los materiales de construcción para continuar con su reparación de su casa de habitación. Es necesario destacar que ella es una fiel cliente de Cerprodel habiendo cancelado todos sus créditos en tiempo y forma de acuerdo a lo establecido.

Additional Information

About CEPRODEL

This 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.

About Nicaragua

  • $4,800
    Average annual income
  • 91
    View loans »
    Nicaragua Loans Fundraising
  • $24,779,575
    Funds lent in using Kiva
  • 19.1
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Luis Manuel buy construction materials.
100% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 14, 2008
Listed
May 22, 2008
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010