De Cristo La Gloria 1 Group
Andrea is living in a rural town with one of her children. She lives together with her long-term partner. She started building her house with their family savings and, with the help of this loan, she will finish building her home with gates to protects her windows and doors. And the other member, Jhoanna, will build parts of her house, She first will build the bedrooms with this loan and she will buy concrete blocks, cements, rods, and other building materials to build the other part of the house, which will be of wood until she can finish building it.
Esperanza International is running a program where most of their clients pay back their loans, fulfill the commitment to expand their businesses and show fidelity in their groups. They can request loans to improve their homes while running their businesses and attending groups meetings. Both members request a housing loan for their home improvement. Andrea and Jhoanna thank you all for your support!!!
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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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This loan has been fully funded!