Fulgencia is the mother of two children, one of whom lives with her and her long term partner. Because they are living in deteriorated housing, she is requesting a loan which she will use to improve her situation by purchasing building materials to finish her house. She will buy a door, ceramic tiles for her floor, and she will cover with cement her concrete blocks walls. With this loan she will be able to finish building what she started several years ago.
Esperanza Internacional is running a program where their clients pay back their loans, fulfill the commitment to expand their businesses, and show reliability in their groups. They then can request loans to improve their house structure while they are running their businesses 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.
About Dominican Republic
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