Juana is a young mother with four children, and she is raising them with her long-term partner in her livelihood in her small slum community outside the north part of Santo Domingo. She is accessing this loan to give her four children a new home. They live in deteriorated housing, and she is requesting a loan to improve her house by purchasing building materials to change the floor and concrete blocks to improve some weakened wooden walls.
Esperanza Internacional runs a program where most of their clients pay back their loans, fulfill their commitment to expand their businesses, and show fidelity in their groups. They can request loans to improve their house structures while running their business loans and attending group meetings.
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
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Success!! The loan was 100% repaid