This young man works daily in a factory in Condega, developing tobacco-based cigars. He works from Monday to Friday from 7 a.m. to 5 p.m. and half the day on Saturday. This is his primary source of income to support his family.
This young man turned up at the Ceprodel offices with the purpose of requesting financing in order to make improvements to his home. These improvements consist of the building of the bathroom and its shower.
He says that being approved for financing would be an achievement since it would give him better home conditions and in that way would also improve his life conditions and he would have a more dignified home.
Este joven trabaja a diario labora en una fabrica de Condega, en la elaboración de puros a base de tabaco, labora de lunes a viernes desde las 7 am hasta las 5 pm y los días sábado labora medio día. Esta es su principal fuente de ingreso para el sustento de su familia.
Este joven se presento a las oficinas de Ceprodel con el fin de solicitar un financiamiento para realizarle una mejora a su casa de habitación.
Dicha mejora consiste en la construcción de el servicio sanitario y su ducha.
El cliente dice que de ser aprobado este financiamiento seria un logro ya que le daría una mejor condición a su casa de habitación y de esta manera también mejoraría sus condiciones de vida y tener un hogar mas digno.
More information about this loan
This loan is part of CEPRODEL's initiative to expand access to sanitation facilities. Working with the World Bank and local governments, CEPRODEL offers these loans to help clients buy environmentally-responsible toilets, sinks, and shower/bath systems. Eligible recipients include clients and families who live in very poor regions of Nicaragua, lack access to water, or are employed making handicrafts or as roving salespeople. Along with these loans, clients receive environmental education training from the World Bank to better understand how plumbing interacts with the local ecosystem. By supporting this loan, you are making a difference in a country where 48% of the population lacks access to proper sanitation.
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