She is a teacher in a primary school located in San Lorenzo. However, teaching is not a well-paid profession in Paraguay, so her salary is very low and is not enough to cover all of the expenses of her household.
To generate additional money, she rents out a house to a transport company. But, because the house that she rents is quite old, the company only promises to continue renting the house as long as Gladys makes improvements to the property. Therefore, Gladys is seeking a loan to make such improvements to the house.
About Fundación ParaguayaFundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
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