This is Mathilde's ninth loan which she will use to start building her house. She will buy concrete blocks and cement to raise some or part of her house walls. She will invest all this loan in this construction because she wants to keep building it with her business profits. The other construction materials she will buy are rods, sand, gravel, etc. She has a wood structure home and she wants to build it with a safer structure like 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. Mathilde 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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