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Alvaro Jose
Alvaro Jose has worked for eight years as a security guard in a public school in his municipality. He is grateful to CEPRODEL for having provided him this loan to make some repairs to his home. He will use the loan to buy construction materials such as cement and bricks and to pay for the labor.
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El Sr. Alvaro Jose trabaja para una escuela publica en el municipio desde hace 8 años como Vigilate, actualmente agradece a ceprodel por haberle facilitado este credito para realizar mejoras en su casa de habitacion con la compra de materiales para construccion como cemento,ladrillos y mano de obra

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
  • 126
    View loans »
    Nicaragua Loans Fundraising
  • $23,818,050
    Funds lent in using Kiva
  • 25.8
    Nicaragua Cordobas (NIO) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $325 helped Alvaro Jose to buy construction materials such as cement and bricks and to pay for the labor to repair his home.
70% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2014
Listed
Jun 20, 2014
Currency Exchange Loss:
Possible