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Julio Cesar

Update on Julio Cesar

ulio Cesar is a farmer and lives with his wife Rosa and their son. Every morning, he gets up before the sun rises to work in the field. Meanwhile, Rosa stays home cleaning, cooking, and taking care of their child. Every afternoon, Rosa goes out with their son to sell what Julio Cesar grows in the field. Their hard work earns them roughly $600 USD a month.
Julio Cesar has worked hard over the years and has been able to build a home for his family. However, their house is small even for the young family. They all live, cook, eat and sleep in the same room. Julio and Rosa know that more children will come soon and they need to expand before that happens. The family is asking for a loan to build one additional room. This loan will help them pay for the materials needed to finish the construction and get expert supervision.
Julio Cesar has no access to credit with other organizations because he has an informal job that does not pay much and has irregular cash flows. The family will work together to build this addition to their home. They will receive supervision visits from certified technicians to monitor the quality and progress of the construction, and to prevent them from losing all the time and money they have already invested. In less than 3 months, Julio Cesar, Rosa and their child will be able to live in a better house with more space, that allows them to lead a healthier lifestyle.

Previous Loan Details

Julio Cesar is a farmer and lives with his wife Rosa and their son. Every morning, he gets up before the sun rises to work in the field. Meanwhile, Rosa stays home cleaning, cooking, and taking care of their child. Every afternoon, Rosa goes out with their son to sell what Julio Cesar grows in… More from Julio Cesar's previous loan »

Additional Information

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 Echale

Ecoblock 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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

Tags

About Mexico

  • $11,249
    Average annual income
  • 5
    View loans »
    Mexico Loans Fundraising
  • $17,358,450
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,175 helped Julio Cesar to buy materials to build a new room.
54% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2014
Listed
Jun 23, 2014
Currency Exchange Loss:
Possible