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Juan Noel
Juan Noel is married with a son in his care, to whom he provides all of his support. He has worked as a teaching advisor in the Ministry of Education of the community where his family lives for the last six years. His wife traveled to Spain to earn more in order to benefit their home, as the salary here is very low and doesn't cover their needs.

He currently needs to improve his home urgently. He therefore visited CEPRODEL to take advantage of financing for the purchase of construction materials such as iron, blocks and zinc, and to pay for labor. In this way he will benefit and also give his family better living conditions and a better standard of living.
View original language description ↓
Noel, es casado , con un hijo a su cargo al que le brinda todo su apoyo , está ubicado en el ministerio de educación de la comunidad donde vive con su familia, desempeñándose como asesor pedagógico hace 6 años , su esposa viajo a España para reunir más ingresos en beneficio del hogar ya que el salario aquí es bajo y no cubre las necesidades, actualmente tiene la urgencia de mejorar su vivienda por eso visito ceprodel para ser beneficiado con financiamiento para la compra de materiales de construccion tales como hierro, bloques, zinc y elpago de mano de obra y de esta manera beneficiar y al mismo tiempo darle mejores condiciones y nivel de vida a su familia.

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.

Tags

About Nicaragua

  • $3,636
    Average annual income
  • 89
    View loans »
    Nicaragua Loans Fundraising
  • $24,392,675
    Funds lent in using Kiva
  • 25.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Juan Noel to buy construction materials such as iron, blocks and zinc, and to pay for labor.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2013
Listed
Nov 18, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 26, 2014