Lester José is asking CEPRODEL for his third loan so that he can continue building his house little by little. On this occasion he needs to replace the roof because it’s in bad shape.
He will use the money from this loan to buy building materials such as zinc metal sheeting, lumber, and nails so that he can repair his roof.
don Lester José solicita a ceprodel un tercer crédito para seguir construyendo poco a poco su vivienda, en esta ocasión lo necesita para cambiar el techo ya que esta en mal estado.
Con este tercer financiamiento lo invertirá en la compra de materiales de construcción tales como cinc, madera, clavo y poder reparar su techo.
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.
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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