Funded

Total loan: $1,100
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Vicente

Dominican Republic
Samaná, Dominican Republic / Personal Housing Expenses

A loan of $1,100 helped to buy concrete blocks, cement and other necessary materials.


Vicente's story

Vicente is a member of the group called Trabajando hacia el futuro (Working to the future), located in the city of Samana. This is his seventh loan, which he will use to improve his house. He has had his business for over four years, started from his savings.

After his last loan, which he invested in his business, Vicente realized the need to improve his home, and with the business profits he saved and this housing loan he will change his house walls from wood to concrete blocks, for which he is requesting this loan. He will also purchase other necessary materials. The other members of his group are recommending him for a housing loan, to start with the house construction.

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 business and attending their group meetings.

Vicente, a single man with three children, is also a micro-entrepreneur conducting fuel sales. He thanks God, Esperanza Internacional and all of you for this opportunity. In his name and that of his family he thanks all of you for your support!


Loan details

Loan length:

26 months
Disbursed date: January 31, 2013
Facilitated by Field Partner: Esperanza International Dominican Republic, a partner of HOPE International

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: January 31, 2013
Facilitated by Field Partner: Esperanza International Dominican Republic, a partner of HOPE International