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Julio is a member of the group called Mujeres Unida (united women), located in the city of Samana. This is his 9th loan, which he will use to improve his house. He has had his business for over four years, starting with the first loan he took with Esperanza Internacional. After his last loan, which he invested in his business of selling fried food, he has developed his business. He has paid all his past loans on time. Julio is asking for a loan to improve his house by building a floor, which is now made of ground that he will change for a cement floor.

Esperanza Internacional runs a program for their good clients who are reliable in paying back their loans, who have fulfilled the commitment to grow their business and who have shown fidelity in their groups. This allows them to take out a loan to improve the structure of their house at the same time as running their business and attending their group meetings.

Julio is a married man with a child, and he is dedicated to his business of selling fried food every morning and night. He is very excited, because with this loan he will provide better conditions in his house that will be healthier for his family. He thanks God, Esperanza Internacional and all of you for this opportunity.

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 Dominican Republic

  • $9,700
    Average annual income
  • 11
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 38.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Julio to buy cement and other materials to build a floor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 28, 2012
Apr 30, 2012
Currency Exchange Loss:
Mar 15, 2013