Update on José FranciscoJosé Francisco is a native of the municipality of El Sauce. He is married, a family man, and a civil engineer at a state institution where he has worked for more than 15 years.
Don Chico, as he is known affectionately by the inhabitants of this municipality, is a very popular 55-year-old man who has become well-known for designing works for the development of said municipality.
Don Chico came to the Ceprodel office with the goal of requesting a loan to invest in his house. With it he will buy cement, sand, and ceramic tile, and pay for labor, since he wants to improve the condition of his home.
It is worth mentioning that one of his great dreams is to have a spacious house with every comfort, and he hopes that Ceprodel and Kiva will help him to meet this beautiful dream in the future.
Don chico como es conocido cariñosamente por los habitantes de este municipio es un señor de 55 años muy popular que se ha dado a conocer por diseñar obras para el desarrollo de dicho municipio.
Don chico se presentó a la oficina de Ceprodel con el objetivo de solicitar un financiamiento para invertirlo en su vivienda con el cual adquirirá cemento, arena, cerámica y pago de mano de obra, ya que quiere mejorar las condiciones de su hogar.
Cabe mencionar que uno de sus grandes sueños es llegar a tener una casa amplia con todas las comodidades y espera que Ceprodel y Kiva le apoyen a cumplir en un futuro este hermoso sueño.
Previous Loan DetailsMr. José Francisco Q. is from the town of El Sauce. He has been employed by the City of El Sauce as a Projects Engineer for five years. This is his first loan request to Ceprodel which will be used for home improvements. He will buy zinc metal sheeting, cement, sand and bricks to build a s... More from José Francisco's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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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This loan has been fully funded!
- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Jun 10, 2014
- Jun 29, 2014
- Currency Exchange Loss:
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.