She’s currently applying for loan #18 in Fundación Mario Santo Domingo because she needs to build a bedroom and bath to gradually organize her house because income from the business are earmarked for family expenses and for reinvestment. She says that the Fundación has helped her during 10 years and she trusts and is grateful to this organization and she’s sure that it will continue supporting her so that her house will have the best possible conditions and everyone in her family will have a comfortable environment because of the good way it will be organized in the future.
About Fundación Mario Santo DomingoFundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.
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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