At present, he wants to invest in making some home improvements to his parents’ house. This is his first Kiva loan and he’s grateful for this progress opportunity and promises to be punctual with his payments. He enjoys belonging to his association where all are united and mutually supportive. Juan will use the 1,000 soles to buy supplies like cement, sand and bricks, among others to improve the house’s walls and make them stronger.
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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