Manuel has no technical knowledge of construction and he buys materials in small quantities, meaning he misses out on savings from bulk prices. Manuel has been saving and is asking for credit to complete the payment of the materials needs. By working with Ecoblock International he will also be part of a program that gives borrowers building materials at bulk prices, technical training, assistance, and supervision to make sure that construction meets all safety and quality regulations.
From his business, Manuel makes $600 USD a month. Given his age and the informality of his business, he has no opportunity for credit from other institutions. Manuel has invested a lot of time and effort into his home renovations and he wishes to finish this work the right way. This is the opportunity he has to make it right.
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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