Margarita is a mother with three children who she is raising by herself and with her long-term partner. She lives in a small slum community in San Pedro de Macoris. She is receiving her 14th loan from Esperanza. She is accessing this loan to make some changes to the structure of her home. She has been building her house little by little and this time the loan will be used to make different arrangements, especially to cover with cement and paint the walls, to put in some windows and zinc for her roof. Margarita will invest this loan by purchasing cement and other building materials.
Esperanza International is running a program where most of their clients pay back their loans, fulfill their commitment to expand their businesses and show fidelity to their groups. They can request loans to improve their house structure while receiving 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.
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Success!! The loan was 100% repaid