Glenda Lizeth is 26 years old and lives with her life partner, 32 year old Federico, and their three young children. She works for a company doing embroidery and also sells different kinds of fruits, such as apples, oranges, bananas, and other things. Her husband helps with the sales and they have a good customer base. People prefer her because she sells good fruit at good prices and the service is unequalled. Glenda is dedicated to her work and always ready to take advantage of her time and opportunities. Her family’s wellbeing is her priority, so she works hard to give them the best. She is worried because it’s already winter and her house needs a retaining wall to keep the water out when it rains. The problem is that she doesn’t have the money because her earnings are too low. She is asking for a loan through FUSAI so that she can buy cement, bricks, sand, tools, etc. Glenda Liezth is known for repaying her debts and is very grateful for this assistance. She will be responsible in repaying this loan and be able to provide a better quality of life for her family.
Glenda Lizeth de veintiséis años de edad vive junto a su compañero de vida Federico de 32 años y sus tres hijos menores de edad; ella es empleada de una empresa realizando bordados, además para complementar gastos vende diferentes tipos de fruta manzanas, naranja, guineos entre otros su esposo le ayuda con la venta, se han hecho de clientela pues las personas la prefieren porque vende buenas frutas además tiene precios accesibles, y el servicio es inigualable; Glenda es una mujer entregada a su labor, muy dispuesta siempre a aprovechar su tiempo y las oportunidades que se le presenten, el bienestar de su familia es su prioridad por eso trabaja duro para darles lo mejor, esta preocupada porque ya es época de invierno y en su vivienda necesita levantar un muro de contención para evitar el ingreso de agua lluvia, el problema es que no posee de capital que la respalde pues sus ingresos no son los suficientes como para costear el gasto, por eso se ha decidido solicitarle a FUSAI un crédito que le permita comprar cemento, ladrillos, arena, herramientas etc. Glenda Lizeth es conocida en el lugar por su buena paga, esta muy contenta con la ayuda y se hace responsable de cancelar la deuda, además tiene la esperanza que podrá ofrecerle a su familia una mejor calidad de vida.
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.