Check out some available loans that are similar to this one!
Alan Eulecterio
Alan is from Somotillo; he’s hardworking, responsible, honest and devoted to his work and his family. He came by the Ceprodel office to request a loan to do some home improvements. He will buy tile, cement and pay labor costs. One of his main goals is his family’s development creating social conditions for them like a proper home as a fundamental community right.
View original language description ↓
Alan es originario de Somotillo, es trabajador, responsable, Honesto, dedicado a su trabajo y su familia, se presenta a las oficinas de Ceprodel, solicitando un préstamo para modificar y mejorar su vivienda, comprando material de cerámica, cemento y completar el pago de mano de obra, siendo uno de sus objetivos principales el desarrollo de su familia creándole condiciones sociales, como es una vivienda digna como un derecho fundamental en la comunidad.

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
  • 162
    View loans »
    Nicaragua Loans Fundraising
  • $23,195,750
    Funds lent in using Kiva
  • 24.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Alan Eulecterio to buy tile, cement and to pay labor costs.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2013
Listed
Mar 21, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2014