Elica makes around $400 USD a month, and has no access to credit given she has no formal job and her income is low and variable. She has been saving for the last three months to build a new bedroom for her kids and a bathroom for the family. She is now asking for this loan to pay for materials needed. The family will receive supervision visits from certified technicians to monitor the quality and progress of the construction. The new room will give the kids their own space to play, sleep and study and the bathroom will provide a healthier life and more privacy for the family. Elica is aware that her kids are growing up and need their own space, and she wants to make sure they can have healthy and proper development during the rest of their youth.
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Ecoblock is a social housing production company that delivers affordable homes and home improvements to communities through a program called Echale a tu Casa. Echale sells technical assistance for self-organized and self-production housing in rural and urban communities. Ecoblock focuses on the poorest socioeconomic strata in Mexico (levels C, D & E). They place a particular emphasis on areas where families do not have access to any microfinance institutions.
About EchaleEcoblock International (“Ecoblock”) is a social housing company dedicated to providing marginalized communities in Mexico with opportunities to significantly improve their housing conditions. Founded in 1997, it started a program called Échale a Tu Casa that develops affordable housing solutions for underserved communities through innovations in construction, technology and finance. Focusing its efforts on urban and rural areas where families have little or no access to microcredit, the program has supported 30,000 families to construct new homes, and has delivered home improvement assistance to an additional 150,000 families.
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Success!! The loan was 100% repaid