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Martín Alejandro
Martin Alejandro Jimenez lives in a borrowed home with his wife and his child. He wants to have his own home which is why he is negotiating the purchase of a house through Infonavit (a government loan). However, the cost of the home is higher than the loan he can receive because his salary is low.
Martin works as a car mechanic at a company and he also does additional mechanic jobs on the side. He is requesting a loan so that he can complete the government loan to purchase his home as he wants to have an asset and be able to provide security for his family.
View original language description ↓
El señor Martín Alejandro J. vive en una casa prestada junto con su esposa y su hijo.
Como desea tener su propia vivienda es por eso que está tramitando una casa por medio de Infonavit (Crédito Gubernamental), pero el valor de la vivienda es superior al crédito que el puede recibir ya que su sueldo es bajo.
El trabaja como mecánico automotriz en una compañía y en horario adicional a su trabajo también realiza otros trabajos de mecánica a particulares. Por tal motivo está solicitando un préstamo para completar el crédito Gubernamental y así adquirir su casa.
Ya que desea tener un patrimonio y al seguro para su familia.

Additional Information

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.

About Mexico

  • $15,600
    Average annual income
  • 21
    View loans »
    Mexico Loans Fundraising
  • $19,052,100
    Funds lent in using Kiva
  • 14.5
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Martín Alejandro down payment to acquire his home through Infonavit (government loan).
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2009
Listed
Feb 18, 2009
Currency Exchange Loss:
Covered
Ended:
May 16, 2010