Microloans empower Colombian parents

 
$1,500
$0
Raised
Remaining
Jan 21, 2011

"Opportunity" for Housing in Colombia

In recent news, Opportunity loans have brought about better housing in developing areas. For many Colombians, heavy rains bring about serious challenges.

Client Danilsa Maria Hernandez Ramos of Arjona, Colombia (center) makes a healthier home for her children through our roof and floor loan product.

Nobody knows this better than Danilsa Maria Hernandez Ramos of Arjona. Danilsa’s traditional village home used to pool with water, turning her dirt floors into mud and creating an unhealthy environment for her children. Now, after a two-year pilot program, Opportunity has rolled out a floor and roof loan product for reliable, established clients like Danilsa who are installing concrete floors and replacing leaking tin roofs. The loan is repaid over 18 to 24 months, with payments declining to around $5 later in the cycle. Clients receive technical building advice, as well as discounted pricing on repair supplies.

Opportunity program manager Astrid Suarez says, “Having a floor helps give dignity to a person. God is using Opportunity and this program to benefit many families.” Astrid estimates that 50% of our clients in Colombia do not have floors in their homes.

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Organization

Project Leader

Ian Haisley

Director of Online Strategy
Oak Brook, IL United States

Where is this project located?

Map of Microloans empower Colombian parents