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María De La Concepción
Mrs. María de la Concepción Tórrez recently started rebuilding her home, since it had been damaged over the course of time. She lives in the Somotillo municipality in Chinandega Department, and has very wisely requested this loan to purchase construction materials so that she can continue improving her home. She hopes to invest directly in her house, and thus provide her children with a better quality of life.
View original language description ↓

La señora María de la Concepción Tórrez actualmente ha iniciado la labor de reconstruir su casa de habitación por las razones de que se ha venido dañando a medida que los años han venido transcurriendo.

Ella reside en el municipio de Somotillo del departamento de Chinandega donde muy sabiamente ha solicitado un crédito para dar lugar a la compra de los materiales de construcción para continuar con la labor en su obra. Ella anhela invertir directamente en su vivienda y así brindarle mejores condiciones de vida a sus pequeños hijos.

Additional Information


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.

About Nicaragua

  • $4,800
    Average annual income
  • 80
    View loans »
    Nicaragua Loans Fundraising
  • $25,792,450
    Funds lent in using Kiva
  • 20.4
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped María De La Concepción buy construction materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Jul 23, 2009
Aug 5, 2009
Currency Exchange Loss:
Oct 12, 2010