Lissete is one of Esperanza Internacional's entrepreneurs who came to the organization almost four years ago for a loan to expand her business, a beauty salon which produces income she uses to help her family, reinvest, and make loan repayments. She lives in a slum area in the north of Santo Domingo.
Esperanza Internacional is running a program in which most of its clients pay back their loans, fulfill the commitment to expand their businesses, and show reliability in their groups. They can request loans to improve their house structure while implementing their business loans and attending group meetings.
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 Dominican Republic
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Success!! The loan was 100% repaid