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Matilde Del Socorro
Matilde has a vision of the future in which her standard of living is much improved. She is married but doesn’t have any children to raise. She has been a primary school teacher for 23 years.

Now Matilde wishes to enlarge her house. She decided to approach Ceprodel to ask for a loan to buy construction materials such as cement, blocks, sand, gravel, reinforcing iron, and labour. These supplies will enable her to add an extra room and improve her living conditions.
View original language description ↓
Matilde es una señora con visión de futuro en cuanto al mejoramiento de los niveles de vida, es casada no tiene hijo a su cargo, es maestra de educación primaria con 23 años de laborar, quiere ampliar su vivienda lo que le hizo tomar la decisión de visitar ceprodel para solicitar crédito el que utilizaría en la Compra de materiales de construcción como: cemento, bloques, arena, piedrín, hierro y mano de obra.
El que le permitiría realizar la obra que desea como es la construcción de un cuarto y tener mejores condiciones de vida

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
  • 90
    View loans »
    Nicaragua Loans Fundraising
  • $24,741,875
    Funds lent in using Kiva
  • 25.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Matilde Del Socorro buy construction supplies to build an extra room on her house.
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