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Isidro
Isidro is a member of the group called Mujeres Capacitadas, located in a rural area of the city of Puerto Plata. This is his 11th loan, which he will use to improve his house. He has had his business of selling fruits and vegetables, started from his savings, for over thirty years, and now he is running a grocery or food store.

After his last loan, which he invested in his business, Isidro realized the need to improve his home structure. With this housing loan he is able to take, and with his business profits, he can pay for the home improvements and save for more. The other members of his group are recommending him for a housing loan to start with the house construction. Now he will build his house roof, and build up his deteriorated wood walls with concrete blocks.

Esperanza Internacional 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.

Isidro lives together with his long term partner and one of his three children. He thanks God, Esperanza Internacional and all of you for this opportunity. In his name and that of his family, he 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

  • $7,611
    Average annual income
  • 6
    View loans »
    Dominican Republic Loans Fundraising
  • $7,847,650
    Funds lent in using Kiva
  • 41.2
    Dominican Republic Pesos (DOP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,050 helped Isidro to buy cement, zinc, wood, concrete blocks, etc.
61% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 30, 2013
Listed
May 30, 2013
Currency Exchange Loss:
Possible