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Alma Consuelo
Alma is a mother of five children, of whom the oldest two work as truck drivers, like their father. Alma is a housewife who sells chickens and eggs which helps to pay for household expenses and support her three young children.

Alma and her family have a small house made of sheet metal which is susceptible to bad weather such as rain and wind, and is badly in need of reinforcement. She is requesting a loan with which she can buy sheet metal, wood, nails, and other materials that will allow her not only to repair the roof, but also the walls, which are made of metal and wood.

She has lived in this house for 25 years and it has been a long time since she and her husband have been able to make repairs to the home. FUSAI's visit to her community ignited her interest in borrowing money to make improvements to her house. She believes that this would better protect her family from the rain, sun, and wind.
View original language description ↓
Alma es madre de cinco hijos de los cuales los dos de mayor edad trabajan como camioneros (motorista de camiones al igual que su padre). Alma es ama de casa dedicada a comercializar pollos y huevos, con lo que puede brindar ayuda para solventar los gastos del hogar, así mismo cuida a sus tres pequeños hijos. Alma y su familia cuentan con una pequeña casa hecha de lámina, muy vulnerable a las inclemencias del tiempo, como la lluvia y el viento, por lo que es necesario realizar algunos refuerzos urgentes. Ella solicita un préstamo con el cual pueda comprar: láminas, madera, clavos, entre otros más con lo que no sólo pueda reparar el techo, sino también las paredes que están hechas de lámina y madera. Hace 25 años que vive en esta humilde casa y hace mucho fue la última vez que Alma y su esposo pudieron realizar arreglos a su vivienda. La visita de FUSAI a su comunidad le despertó su interés de prestar el dinero para realizar las mejoras de su casa; convencida que con esto resguardará mejor a su familia de la lluvia, el sol y el viento.

Additional Information

More information about this loan

This loan will be administered by FUSAI (Salvadoran Foundation for Comprehensive Development), a Salvadoran NGO that owns Kiva partner Apoyo Integral. FUSAI will disburse this loan in order to reach a population that doesn't currently work with Apoyo Integral. This type of loan covers basic services (like housing and water), and supports small business and agricultural activities. Borrowers come from low-income families in rural and peri-urban communities, and are considered to be too poor or lack the proper guarantees to get credit through traditional banks or microfinance institutions. Before receiving their loans, they are vetted by local community organizations and enrolled in classes in financial literacy, and the importance of sanitation, potable water and clean energy. Additionally, FUSAI enables borrowers to guarantee one another and take out loans smaller than El Salvador's average. Important to note is El Salvador is considered one of the most dangerous countries in the world, holding the 2nd place in the ranking of murders per capita. All these FUSAI borrowers live in areas considered by the police as highly violent and dangerous, mainly because of gangs influence. Main risks they face in these areas are thefts, extortions, kidnappings and murders.

About Apoyo Integral

Apoyo Integral (Apoyo) is a nonprofit organization offering financial products that enable clients to increase their working capital, purchase fixed assets, buy and remodel homes, expand agricultural business and more. The organization’s target group is businessmen and women who have already established their businesses but need financial support to strengthen or expand them.

Like Kiva, Apoyo is committed to empowering women involved in business activities in rural areas. Kiva lenders’ funds will be used to expand these services to an even greater number of poor clients in rural areas.

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.

About El Salvador

  • $7,500
    Average annual income
  • 782
    View loans »
    El Salvador Loans Fundraising
  • $25,698,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Alma Consuelo to purchase construction materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2013
Listed
Aug 1, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 25, 2013