Maria is grateful to the field partner and the other lending institutions that have helped her very much to make improvements to her home. She says that this is her third loan, and that it is the only way she can continue making home improvements, because teachers’ salaries are very low.
Actualmente esta joven se presento a la oficina de ceprodel para solicitar un financiamiento para la construcción de una cocina, y lo utilizará en la compra de materiales de construcción tales como zinc, cemento, madera, piedrín, arena, hierro y el pago de la mano de obra.
Agradece a ceprodel y a las demás instituciones que la han apoyado ya que con este crédito seria el numero 3 y le han servido de mucho y ha podido ir mejorando su vivienda, que es la única manera que lo ha podido ir haciendo ya que los salarios de los maestros son muy bajos.
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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