Armando has worked for the past twenty-seven years as an agricultural technical assistant. With his work he is able to earn around MT 2,700 (approximately $100) per month and save a little money in the bank. This will be his first loan with Hluvuku. He intends on using this loan to improve the condition of his home which is currently in a precarious state.
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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