After his last loan, which he invested in his business, Jose realized the need to improve his home structure. With this housing loan he is able to take, and with his business profits, he can pay for the home improvements and save for more. The other members of his group are recommending him for a housing loan to start with the house construction. Now he will finish building his house by adding doors and windows, and cover the concrete block with cement.
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. Jose lives together with his long term partner. 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!
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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