Lydia is into a restaurant business and has been in it for seven years. She started by selling secondhand clothes and then later changed to her restaurant business. The biggest challenge she has is that her customers eat on credit and then default on the payment.
Lydia expects, in future to, acquire a TV, a fridge and a fan for her business. However, her family goal is to build her own home and stop renting. The purpose of the loan is to buy a plot of land to build on.
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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