Yosimara has been taking loans with Esperanza Internacional since she started her business with her first loan with Esperanza Internacional almost six years ago. She is receiving her 11th loan and this one is to build a bathroom. She will add a room in her house where she will build the bathroom. Now it is in her backyard, a little far away.
She is one of the members in the group called Paz y Fe (Peace and Faith) located in one of the rural villages in the city of Samana. With this loan she will buy concrete blocks, cement, a toilet, a sink and other building materials. Esperanza Internacional runs a program for their good clients who are reliable in paying back 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 houses at the same time as running their businesses and attending their group meetings. Yosimara thanks all of 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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Success!! The loan was 100% repaid