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!
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
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