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Nelson José
Nelson is a man who has been teaching generations of children and teens. He is a middle school teacher and has been doing this in different schools in the area for 29 years. This man needs to make improvements to his house, so he visited CEPRODEL to request a loan that will allow him to do this work that he desperately needs. He will use the money to buy iron bars, cement, pebbles, sand, bailing wire, and pay for labor to rebuild the pillars and a wall and provide better living conditions for his family.
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Nelson es un señor que por generaciones a impartido clases a niños y adolescentes, ya que su profesión es maestro de educación primaria y secundaria con 29 años de servicio en diferentes colegios de la zona, este señor tiene la urgencia de mejorar su vivienda, atravez de financiamiento lo que visito a ceprodel para tener la oportunidad de realizar la obra que tanto la necesita, ya que el mismo lo utilizara en la Compra de materiales de construcción como: hierro, cemento, piedrín, arena, alambre de amarre y mano de obra, para Reconstruir los pilares y la pared y de esa manera darle mejores condiciones 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

  • $4,800
    Average annual income
  • 96
    View loans »
    Nicaragua Loans Fundraising
  • $24,742,900
    Funds lent in using Kiva
  • 25.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Nelson José to buy building materials and pay for labor.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2013
Listed
Dec 12, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015