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Larry Raúl
Larry Raul lives in the city of Masaya. He travels daily to the capital to reach his workplace where he works as a security guard in a shopping center. He is married and his wife works caring for their children, who are of school age.

Larry is seeking a loan in order to invest it in the purchase of tin roofing material in order to replace the roof of his home as it is in poor condition due to wearing out over the years. This causes problems when it rains because the water leaks into his modest house. At the same time, he states that he is very grateful to Ceprodel and Kiva because he has used the loans that he has obtained to gradually improve his home to provide greater comfort to his loved ones.
View original language description ↓
El señor Larry Raúl vive en la ciudad de Masaya de donde viaja diariamente a la capital para integrase diariamente a su centro de trabajo donde se desempeña como guarda de seguridad en un centro de compra de la capital.Casado, su esposa se dedica al cuido de sus hijos que están en edad escolar.
El señor Larry está solicitando un crédito para invertirlo en la compra de zinc para hacerle el cambio de techo a su vivienda que está en mal estado por el uso de los años y esto le causado molestia cuando llueve porque se le pasa el agua al interior de su humilde casa. a la vez nos manifiesta que está muy agradecido con ceprodel y kiva por que los crédito que a obtenido los ha utilizado en mejorar poco a poco su vivienda para darle mayor comodidad a su seres queridos .

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
  • 144
    View loans »
    Nicaragua Loans Fundraising
  • $24,094,725
    Funds lent in using Kiva
  • 25.6
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Larry Raúl to buy construction materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2013
Listed
Oct 11, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 26, 2014