Ignacio has worked hard to buy a piece of land and start building his house. He wishes to build a house where his family can live comfortably and he and his wife can grow old. He has been saving for the last three months to build two additional rooms, and this loan will help him pay for the materials needed for construction. Ignacio has no access to credit with other organizations because he has an informal job that does not pay much and his cash flows are irregular. He and his wife will work together to build this addition to their home, and will receive supervision visits from certified technicians to monitor the quality and progress of the construction.
The new, closed bedroom they intend to build for their son will help him overcome his constant sickness. In less than 3 months, as a result of this loan, Ignacio and Aida will be able to live in a better house and provide their children with a better life.
More information about this loan
Ecoblock is a social housing production company that delivers affordable homes and home improvements to communities through a program called Echale a tu Casa. Echale sells technical assistance for self-organized and self-production housing in rural and urban communities. Ecoblock focuses on the poorest socioeconomic strata in Mexico (levels C, D & E). They place a particular emphasis on areas where families do not have access to any microfinance institutions.
About EchaleEcoblock International (“Ecoblock”) is a social housing company dedicated to providing marginalized communities in Mexico with opportunities to significantly improve their housing conditions. Founded in 1997, it started a program called Échale a Tu Casa that develops affordable housing solutions for underserved communities through innovations in construction, technology and finance. Focusing its efforts on urban and rural areas where families have little or no access to microcredit, the program has supported 30,000 families to construct new homes, and has delivered home improvement assistance to an additional 150,000 families.
Ecoblock joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.
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Success!! The loan was 100% repaid