Esperanza Internacional runs a program for clients who are reliable in paying back their loans, have fulfilled the commitment to grow their business and have shown fidelity to their groups. This allows them to take out a loan to improve their home at the same time they run their business and attnd their group meetings. Elias is a single man and is also in school. He thanks God, Esperanza Internacional and all of you for this opportunity.
After his last loan, which he invested in his business, Elias realized the need to improve his home. With this housing loan, he can pay for the improvements and save to do more. The other members of his group are recommending him for a housing loan, which he will use to build his house on the second floor of his parent's house. He will use this loan to buy concrete blocks, cement and other building materials to start building first one or two rooms. He thanks all of you for your support!
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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Success!! The loan was 100% repaid