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Luis Isidro
Mr. Luis Isidro is the father fo five children, three of which are at his care. He has worked as the manager of a mill for fifteen years, at one of the markets in the city of Leon. He starts his workday at 6.00 am and finishes at 1.00 pm, Monday through Sunday. He does this to provide for his family.

Mr. Luis applied for a loan at Ceprodel to buy bricks, cement, iron and to hire workers to refurbish and recondition his humble home. This will improve his quality of life, as well as his childrens’.
View original language description ↓
El señor Luis Isidro, es padre de cinco hijos de los cuales 3 están a su cargo, desempeña la labor de encargado de un molino desde hace quince años en uno de los mercados de la ciudad de León, inicia sus labores 06:00 am finalizando a las 01:00 pm con este mismo horario de lunes a domingo, el realiza esta labor para el sustento de su hogar.

Don Luis solicito un crédito a Ceprodel el cual utilizo para compra de bloques, cemento, hierro y la cancelación de mano de obra para la remodelación y acondicionamiento de su humilde vivienda, esto le permitirá mejorar su nivel de vida al igual que el de 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
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $23,723,925
    Funds lent in using Kiva
  • 26.0
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $475 helped Luis Isidro to buy bricks, cement, iron and pay for labor.
70% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2014
Listed
Jun 18, 2014
Currency Exchange Loss:
Possible