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Reynaldo Santiago
Reynaldo lives in the capital and works as a tax collector in a market in the city. He is single. Currently, he is studying at university and lives in his parents' home.

Reynaldo is asking for this loan to make some improvements to his parents home, as he considers it necessary to give them a proper, safe roof.
View original language description ↓
El joven Reynaldo vive en la capital trabaja como colector de impuestos en un mercado de la cuidad.
Soltero actualmente está estudiando en la universidad y habita en la casa de sus padres.

Reynaldo está solicitando un crédito para realizar algunas mejoras de construcción en la casa de sus padres ya que lo considera necesario para darles un techo digno y seguro a sus progenitores

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
  • 68
    View loans »
    Nicaragua Loans Fundraising
  • $23,498,425
    Funds lent in using Kiva
  • 24.5
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $750 helped Reynaldo Santiago to buy materials for construction.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2013
Listed
May 9, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014