Luisa works as a teacher in one of the schools in town. The loan she's requesting is to make improvements on her home: to install ceramic tiles so the furniture doesn't deteriorate. She has been doing the improvements little by little because with the previous loans she managed to buy the land. She has been building the house for herself and her family. It has been a great achievement and benefit to have a decent place to live.
With the loan she's going to buy construction material such as ceramic tiles, cement, and glue.
Luisa's grateful for the help the Kiva lenders give to low-income people and poor countries so they have a decent place to live.
Fundación Leon 2000This loan is administered by Fundación Leon 2000. Fundación Leon 2000 began operations in 1993 as the first microfinance institution to serve the western part of Nicaragua, a country which continues to be one of the poorest in the western hemisphere. Fundación Leon 2000 works to further the development of micro, small, and medium enterprises through credit services and management, applying the best credit industry practices and technical expertise. Additionally, Fundación Leon manages several business and financial education programs in the community, specifically for young entrepreneurs and at-risk youth. Fundación Leon 2000’s group of experienced and dedicated employees works in 7 offices in Leon, Chinandega, Chichigalpa, Somotillo, Jinotepe, El Sauce, and Nagarote and serves several thousand clients (the majority of whom are women).
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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