Jose

José is 43 years old and live with his partner, who is very supportive. They do not have children and live in their own home. Previously, José operated a public Internet café but did not generate enough revenue as he expected. Nine months ago, he decided to build 4 rooms in the space that previously housed his computer terminals and rent them out to tenants. Business is doing well because all 4 rooms are occupied. In addition, José is a primary school teacher at an educational institution and has been in this profession for the past 17 years. He enjoys both of his jobs, being an employee and a small business owner, because it keeps him busy and he is able to earn additional profits instead of relying on a fixed monthly income.

José is requesting his 3rd loan with MFP. He is very happy and grateful to his Communal Bank because they supported him whenever he faced difficulties. He knows that everyone is responsible in their own businesses and with their loan payments. The funds he requested will be used to perform renovations to his rental rooms, including painting and installation of new floors and sinks.

Translated from Spanish by Ronan Reodica, Kiva Volunteer

José tiene 43 años, vive junto a su pareja quien lo apoya mucho, no tienen hijos y la casa donde habitan es propia. Anteriormente tenía el negocio de cabinas de internet público, pero no obtuvo las ganancias esperadas, por tal motivo, hace 9 meses optó por construir 4 habitaciones en el espacio donde estaban sus computadoras, y desde ese entonces se dedica al alquiler de habitaciones. Negocio donde le está yendo muy bien porque ya cuenta con 4 inquilinos. Sin embargo, José no solo se dedica a esa actividad, ya que es profesor de primaria en una institución educativa desde hace 17 años y le va muy bien. Lo que le gusta de sus labores, tanto independiente como dependiente, es que lo mantienen ocupado y le son rentables, porque ambos le permiten tener ingresos fijos mensuales. Este es su 3er préstamo con MFP, él está muy contento y agradecido con su banco comunal porque cuanto tuvo algunos problemas, todos le ayudaron a resolverlos. Asimismo sabe que todos son personas responsables con sus respectivos negocios y con el pago de sus créditos. Con el dinero que viene solicitando mandará a refaccionar sus habitaciones; las pintará, le colocará un mejor piso y construirá lavatorios.


About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

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