After her last loan, which she invested in her business, Luz realized the need to build her home. She had started building it on a plot of land she had but she could only build the walls. She talked to other members of her group and they recommended her for a housing loan to finish building the floor and the roof.
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 house at the same time as running their business and attending their group meetings.
Luz is the single mother of two children. She works and lives in a rural town. Luz will use this loan to buy wood, zinc, nails, cement and other construction materials to build her floor and a zinc roof. She thanks God, Esperanza Internacional and all of you for this opportunity. In her name and that of her family, she 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.
About Dominican Republic
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Success!! The loan was 100% repaid