After his last loan, which he invested in his business, Jose realised the need to build his home's roof. With this housing loan he is able to take, and with his business profits, he can pay for it and save for more home improvements. The other members of his group are recommending him for a housing loan to start with the house construction. Now he will build this house roof and make other change like floors, etc.
Esperanza Internacional runs a programme for their good clients who are reliable in paying back their loans, who have fulfilled the commitment to grow their business and who have shown fidelity in their groups. This allows them to take out a loan to improve the structure of their house at the same time as running their business and attending their group meetings.
Jose lives together with his long term partner, who is also the mother of his 3 children. He is also a micro-entrepreneur conducting fish sales. He thanks God, Esperanza Internacional and all of you for this opportunity. In his name and that of his family, he thanks all of you for your support!
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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