Also, Evageline does farming where she sells vegetables to increase her income in order to support her family, as she is the sole provider. She describes her biggest business challenge to be a delay of payments from the tenants. She will use the KES 100,000 loan to pay for the renovation of the houses. This is the second loan she is requesting. The first one was in the amount of KES 100,000, which she managed to pay well. Her business goal is to construct more rental houses for increasing accommodation for her customers within five years. She hopes that in the future, she will construct a full home compound for her family.
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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Success!! The loan was 100% repaid