Carmen has been taking loans with Esperanza International since three years ago. She is receiving her 7th loan, and this one is to build a water tank. She needs to store water because this is the only way they can have a reliable water source.
She is one of the members in the group called Dios es mi Pastor (God is my Shepherd) located in one of the rural villages in the city of San Pedro de Macoris. With this loan she will buy cement, sand, pipes and other materials for water uses. Esperanza International runs a program 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 houses while running their businesses and attending their group meetings. Carmen 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.
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