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Paulino
Paulino, a married man, lives together with his wife. In his business, Paulino sells gasoline on one of the main routes from Samana. Paulino is a member of the group called Nuevo Progreso (New Progress), located in the city of Samana. He has had his business for over 10 years, started from his savings.

This is his fifth loan, which he will use to improve his house. After his last loan, which he invested in his business, Paulino realised the need to finish building his home, and with his business profits he began this renovation. He now needs to construct the roof; he is requesting this loan to buy cement and other necessary materials. The other members of his group are recommending him for a housing loan to finish the house construction.

Esperanza Internacional runs a programme 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. Paulino 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

  • $9,700
    Average annual income
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,158,875
    Funds lent in using Kiva
  • 42.3
    Dominican Republic Pesos (DOP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,075 helped Paulino to buy cement, rods, gravel, sand, etc.
97% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2013
Listed
Aug 30, 2013
Currency Exchange Loss:
Possible