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Ignacia
Ignacia is a member of the group called Progreso de Esperanza (Progress of Hope) group 1, located in the city of Samana. This is her eleventh loan, which she will use to improve her house. She has had her business for around five years. Since then she has paid back all her loans and expanded her business. After her last loan, which she invested in her business, she realized the need to improve her home.

This is the reason why she talked to other members of her group and they recommended her for a Housing loan to improve her home by building a bathroom and changing her roof. She will buy zinc and wood for the roof and cement, concrete block and other materials for the bathroom.

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.

Ignacia is a single mother of seven children and she is running a fruit and vegetable stand, next to her house, where she also sells chicken. This small business had given Ignacia, enough income to provide for her children. She thanks God, Esperanza Internacional and all of you for this opportunity. In her name and that of her family she thanks all of you for your support!

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

  • $7,611
    Average annual income
  • 8
    View loans »
    Dominican Republic Loans Fundraising
  • $7,988,425
    Funds lent in using Kiva
  • 38.8
    Dominican Republic Pesos (DOP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,150 helped Ignacia to buy zinc and other building construction materials.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2012
Listed
May 3, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014