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José Francisco
Matagalpa is a beautiful city that is located in northern Nicaragua. It has great importance due to the heavy production of coffee. José Francisco, a native of this area, is a humble man who works very hard. His family consists of his life companion and their two school-age children.


José has worked as a mason for a sanitation services company for more than six years. The income from his salary is used to provide for the household expenses. José needs to make a few improvements to his home, but his salary makes it a bit difficult for him to pursue these projects. For this reason, he is requesting this loan so that he can buy ceramic floor tiles in order to complete one of these improvements.


José says that he is grateful to Kiva and CEPRODEL for assisting him with this loan, which will result in a home that is in better condition.

View original language description ↓
Matagalpa una bella ciudad, importante por su gran producción de caficultura ubicada en el norte de Nicaragua, es originario José Francisco hombre humilde de muchos esfuerzo, su núcleo familiar está compuesto por su compañera de vida y su dos hijo ambos en edad escolar.

José se desempeña como albañil en una empresa de servicio potable desde hace más de seis años, con los ingresos de su salario son destinado para suplir los gasto de su hogar.

Necesita realizar alguna mejora en su vivienda pero con su salario se vuelve un poco más difícil de hacer las mejora es por tal razón que solicita este crédito para destinarlo para la compra de piso cerámica y a si poder realizar la mejora.
José manifestó que se siente agradecido con kiva y ceprodel por brindarle el apoyo a través de este crédito ya que le dará mejor condición a su vivienda.

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

  • $3,636
    Average annual income
  • 148
    View loans »
    Nicaragua Loans Fundraising
  • $24,071,325
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped José Francisco to buy ceramic floor tiles.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 23, 2012
Listed
Nov 16, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014