He has now worked for more than six years for a water and sewer service business, where he is an equipment operator. The income that he obtains from his work goes to support the household expenses and the education of his son.
With the loan that he is applying for, José is going to invest in the purchase of construction materials such as sand, cement, and bricks, since he is enlarging his home
Actualmente es trabajador de una empresa de servicio de acueducto y alcantarillado desde hace más de seis años desempeñándose como operador de equipo. Con los ingresos que obtiene en su trabajo lo aporta para él los gastos del hogar y para la educación de su hijo.
Con el financiamiento que solita José tiene destinado invertirlo en la compra de materiales de construcción tales como arena, cemento y ladrillo ya que está realizando ampliación en su vivienda.
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