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Isabel De Maria
Isabel de Maria is a 45 year old single mother who lives with her young 9 year old daughter. She sells tortillas, tamales, cakes, yucca, and potatoes. The business is located her home and is well known locally. Isabel is committed to her work and very hard-working. Every day she works her hardest in order to have a better life. The arrival of the rains in recent weeks hastened the deterioration of her home, and she’s decided to fix it. She needs to repair the roof since water has leaked in, and its made her family very uncomfortable. She’s made the decision to fix it for the security of her family, but she doesn’t have enough money for the repair. For that reason, she’s asked FUSAI for a loan to buy galvanized metal sheets for the roof. Then Isabel de Maria and her family will be far more secure in their home.
View original language description ↓
Isabel de María de cuarenta y cinco años de edad madre soltera vive junto a su pequeña hija de nueve años, ella se dedica a la venta de tortillas, tamales, pasteles, yuca y papas, el negocio esta ubicado en su vivienda, es muy conocida por las personas del lugar; Isabel es una mujer comprometida, dedicada a su labor y muy luchadora día con día se esfuerza al máximo para ganarse una vida mejor, con la llegada de las lluvias en las ultimas semanas aumentó el deterioro de su vivienda y desea repararla, necesita cambiar el techo pues el agua se filtra y les ha provocado mucha incomodidad y para mayor seguridad de su familia ha tomado la decisión de repararlo, pero no posee de suficiente capital que la respalde por eso le solicita a FUSAI un crédito que le permita comprar la lámina galvanizada para el techo. Isabel de María y su familia estará más seguros dentro de su vivienda.

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
  • 741
    View loans »
    El Salvador Loans Fundraising
  • $26,296,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Isabel De Maria to buy galvanized metal sheet to repair her roof.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 25, 2013
Listed
Aug 31, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 25, 2013