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Fulgencia
Fulgencia is one of Esperanza Internacional's entrepreneurs. She came to Esperanza Internacional almost three years ago for a loan to expand her business. She is receiving her 6th loan and will use it for her home's improvement. She is running a business where she sells underwear. She lives in a rural area in the Puerto Plata.

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.

Additional Information

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

  • $7,611
    Average annual income
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $7,912,075
    Funds lent in using Kiva
  • 40.8
    Dominican Republic Pesos (DOP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,100 helped Fulgencia to buy a door, cement, ceramic flooring, etc.
76% repaid
Repayment Term
31 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 1, 2013
Listed
Apr 3, 2013
Currency Exchange Loss:
Possible