Rosita is the widowed mother of two children, only one of whom lives with her. Because they are living in deteriorated housing, she is requesting a loan, which she will use to improve her situation by purchasing building materials to finish building her house. She started several years ago, but she wasn't able to finish because of the money. She has been saving her business profits to complete the cost with this loan.
Esperanza Internacional is running a program where most of their 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 running their businesses 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