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Juan Milton
Milton is a young man originally from the city of Somotillo. He is married, hardworking, honest, and trustworthy at work and home.

He has visited the Ceprodel offices requesting a loan for housing construction. He needs to buy supplies such as blocks, iron, cement, and zinc in order to have a decent roof.
View original language description ↓
Milton es un joven originario de la ciudad de Somotillo, casado, trabajador, honesto, responsable en su trabajo y su hogar, se ha presentado a las oficinas de Ceprodel solicitando un préstamo, para construcción de vivienda, donde necesita comprar materiales, Bloque, Hierro, Cemento, Zinc, para tener un techo digno.

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
  • 63
    View loans »
    Nicaragua Loans Fundraising
  • $23,461,725
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Juan Milton to buy blocks, iron, cement, and zinc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2013
Listed
Mar 20, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014