Doña Luz Marina came to CEPRODEL to request a loan for construction materials, like sheet metal, beams and fasteners. She wants to repair her roof, which is in bad condition.
With this loan from Kiva-Ceprodel, Doña Luz Marina will invest in maintenance, which will provide security to her home for a better quality of life.
Doña Luz marina se presento a CEPRODEL para solicitar un financiamiento para gastos de materiales de construcción como es láminas de cinz, perlin y soldadura para la reparación del techo que esta en mal estado.
Con este financiamiento que Kiva-Ceprodel le brindara lo invertirán en el mantenimiento y le dará seguridad a su vivienda para un nivel de vida mejor.
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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