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Miguel
Señor Miguel S. needs to add a room to his house. He only has one bedroom and wishes to build a room for his children.


He is applying for a loan because he doesn’t have the money necessary to carry out the improvement. He wants to add the room as soon as possible since his children want their own space.


He plans to pay off the loan from the salary he receives from his job in the production department of a factory. His wife, Señora Jovita Acosta, will take care of the household expenses from the income she obtains from her job as the supervisor in a restaurant kitchen in a shopping center. Don Miguel wants his family to have a better place to live and wants them to be secure.

View original language description ↓
A la vivienda del señor Miguel S. le está haciendo falta la construcción de un cuarto, ya solo tiene una recamara y desea construir el cuarto que será para sus hijos.
El solicita el préstamo porque no cuenta con el dinero necesario para empezar a realizar la mejora, lo más pronto posible ya que sus niños quieren su propio espacio en la casa.
Planea pagar el préstamo con el sueldo que percibe de su trabajo como empleado de una fabrica en el departamento de producción, ya que su esposa la señora Jovita Acosta se encargara de los gastos familiares en el ingreso que obtiene de su empleo como supervisora de cocina de un centro comercial.
Don Miguel quiere que su familia tenga un mejor lugar donde vivir y que estén seguros.

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
  • 4
    View loans »
    Mexico Loans Fundraising
  • $17,804,475
    Funds lent in using Kiva
  • 12.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Miguel to begin construction of a room.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 1, 2010
Listed
Apr 13, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2011