Many poor families around the world are financially unable to purchase a house that meets their needs. Housing loans give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. Last Christmas we made a donation to Kiva, and over the subsequent 12 months we helped a total of 4 families.
We’ve added to our Kiva loan fund again this Christmas and our donation will help another two families. We’re helping Primetiva (right) from a small village in the Philippines. She is 62 years old, is married and has seven children. Primetiva has a hog fattening business and she has requested a modest loan to renovate her house. In the future, she hopes to have more savings.
We’re also helping Megi (left) and her family from West Georgia. They are involved in an agricultural business and Megi works hard to do her best for her family. In particular, they run a small dairy farm with a milk cow whose milk is used in cheese products. The cheese is sold at the local open market. In addition, Megi has a pig and sells piglets seasonally. A loan will create better conditions for Megi and her son, and enable them to enjoy living in their house.
As Megi and Primetiva’s loans are repaid, along with the final repayments from the other borrowers we’ve helped, our lending portfolio will grow and we’re looking forward to reinvesting the money with other needy families.
UPDATE: We’ve now received notification that the loans we made last christmas have been repaid in full. This means we’re ready to reinvest and help more families around the world.