Señor Domingo is applying to Kiva for a loan to change the roof of his home, which he finds necessary with the coming of winter, so that the rainwater does not come into his house.
He also declares that he feels very grateful because thanks to the loans that CEPRODEL has offered him, he has improved his house to give better living conditions to his family.
El señor domingo está solicitando a kiva un crédito para hacer el cambio de techo de su vivienda que con la venida del invierno considera necesario para que no se le pase el agua de lluvia a su casa.
A la vez manifiesta sentirse muy agradecido porque gracias a los créditos que ceprodel le ha otorgado ha mejorado su casa para darle mejor condiciones de vida a su familia.
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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