This is Senovia's fifth loan, which she will use to finish building her house. Many years ago, Senovia started building her house, and with her business profits, she has been able to build her house little by little. Now Senovia wants to invest this loan to buy construction materials such as cement, concrete blocks, rods, and other building materials. She has a wood structure home and she will build a safer structure with concrete blocks and cement.
Esperanza Internacional runs a program for their good clients who are reliable in repaying 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 businesses and attending their group meetings.
Senovia thanks God, Esperanza Internacional and all of you for this opportunity. In her name and that of her family, thanks to 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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