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Octaviano Francisco
Mr. Octaviano works in a health center of the community where he lives. He works as a hygiene inspector with 24 years in this health center. He is married with one child, and he is the sole source of support for the two of them. Right now, the roof of his home needs repairs, so he visited Ceprodel to ask for a loan to buy construction materials such as: 2x4s, blocks, cement, zinc, and sand, in order to complete the aforementioned repairs and have a roof like he needs, and in this way improve his living conditions and quality of life.
View original language description ↓
El señor Octaviano trabaja en un centro de salud de la comunidad donde vive, se desempeña como inspector de higiene con 24 años de laborar en dicho centro de salud, es casado con 1 hijo a los que le brinda todo el apoyo para su desarrollo, actualmente está presentando una necesidad de mejorar la pared y techo de su vivienda, por lo que se decidió visitar a ceprodel para solicitar un financiamiento para la compra de materiales de construcción como; perlin 2x4, Bloques, cemento, zinc calibre 28 y arena, para realizar dicha obra de mejorar la pared y techo que tanto necesita y de esa manera mejorar las condiciones y nivel de vida.

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
  • 117
    View loans »
    Nicaragua Loans Fundraising
  • $23,803,650
    Funds lent in using Kiva
  • 24.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Octaviano Francisco to buy building materials to repair the roof of his house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Apr 10, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014