Marie is a mother with three children that she is raising by herself and with her long term partner. She lives in a small slum community in San Pedro de Macoris. She is receiving her 10th loan from Esperanza. She is accessing this loan to start building her home. She has been building her house little by little, and the purpose of this loan is especially to build and raise some walls, because previously she had only built the foundations of the house.
Marie will invest this loan by purchasing cement, concrete blocks, sand and other construction materials. Esperanza Internacional is running a program where most of their clients pay back their loans, fulfill their commitment to expand their businesses, and show fidelity to their groups. They can request loans to improve their house structure while receiving business loans and attending group meetings.
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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