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Providencia
Providencia is a member of the group called Genesis Group 1, located in the city of Hato Mayor. This is her fourth loan, which she will use to improve her house. She has had her business for around three years. Since then she has paid back all her loans and expanded her business. After her last loan, which she invested in her business, she realized the need to improve her home.

This is the reason why she talked to other members of her group and they recommended her for a housing loan to improve her home by building it with concrete blocks. She will start building it room by room, so she can use the rooms while she finishes the house. She will buy zinc and wood for the roof and cement, concrete blocks and other materials to build walls.

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 house at the same time as running their business and attending their group meetings.

Providencia is a single woman, and she runs a beauty salon. This small business has given her enough income to provide for her children. She thanks God, Esperanza International and all of you for this opportunity. In her name and that of her family, she thanks all of you for your support!

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

  • $9,700
    Average annual income
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $8,161,575
    Funds lent in using Kiva
  • 41.1
    Dominican Republic Pesos (DOP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,225 helped Providencia to buy concrete blocks, wood, zinc, cement and other construction materials.
81% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2013
Listed
Apr 27, 2013
Currency Exchange Loss:
Possible