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Marvin
Marvin lives in the city of Managua, Nicaragua. He’s married and has three people in his care. He has a stable job. He’s been employed as a driver for 14 years in a state institution. Marvin is asking Ceprodel for a loan to buy building materials like metal sheeting, rebar, concrete blocks, sand and cement to add a room to his house because he needs to provide his family with more comfort.
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En la ciudad de Managua Nicaragua vive don Marvin, es una persona casada, tiene bajo su cargo a tres personas, tiene estabilidad laboral, actualmente se desempeña como conductor, desde hace catorce años en una institución del estado.

Marvin solicita a CEPRODEL un crédito para poder comprar materiales de construcción tales como cinc, hierro, bloque, arena, cemento para realizar anexo de un cuarto en su vivienda; Ya que necesito para darle a mi familia una buena comodidad.

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
  • 59
    View loans »
    Nicaragua Loans Fundraising
  • $23,422,650
    Funds lent in using Kiva
  • 24.1
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $875 helped Marvin to buy building materials and supplies.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Dec 6, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2014