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Damaso is 54 years old and has been employed in a commercial center for the last 11 years, where he has a bread store. He is married, and lives in publicly subsidized housing which his son acquired. These houses are very small, and they have decided to expand theirs, but as labor is very expensive, they can't stretch to laying the floor slabs with their own savings. They are asking for a loan to be able to complete their project and provide more comfort for their family.
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Damaso de 54 años es empleado de un centro comercial desde hace 11 años, realizando la función de despachador de pan, es casado y vive en una casa de interés social que su hijo adquirio, estas casas son muy pequeñas y ellos decidieron ampliarla solo que como la mano de obra es muy cara con sus propios ahorros no alcanzaron a poner la losa, solicitan un préstamo para poder realizar su proyecto y ofrecer a su familia mayor comodidad.

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

  • $15,600
    Average annual income
  • 82
    View loans »
    Mexico Loans Fundraising
  • $19,636,450
    Funds lent in using Kiva
  • 12.3
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Damaso to lay concrete floor slabs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 20, 2011
Aug 25, 2011
Currency Exchange Loss:
May 15, 2012