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Lauro Gerardo
Lauro Gerardo G. lives in a house that has been lent to him, along with his wife and three children. Since he would like to have his own house, he is applying for a house through Infonavit (governmental credit). However, the value of the house is more than the loan he can receive because his income is low. He works as a waiter in a hotel restaurant. For this reason, he is applying for a loan to complement the government loan so that he can buy his house. He wants to provide his children a secure future.
View original language description ↓
El señor Lauro Gerardo G. vive en una casa prestada junto con su esposa y sus tres hijos.
Como desea tener su propia vivienda está tramitando una casa por medio de Infonavit (Crédito Gubernamental). Pero el valor de la vivienda es superior al crédito que el puede recibir ya que su sueldo es bajo, el trabajo como mesero en un restauran de un hotel.
Por tal motivo solicita un préstamo para completar el crédito gubernamental y así adquirí su casa. Desea tener un patrimonio seguro para sus hijos.

Additional Information

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 Mexico

  • $11,249
    Average annual income
  • 5
    View loans »
    Mexico Loans Fundraising
  • $17,358,450
    Funds lent in using Kiva
  • 13.1
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Lauro Gerardo the difference on the down payment to purchase a house through Infonavit.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 1, 2009
Listed
May 29, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010