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Flor Idalba
Flor Idalba, age 27, lives with her two children, a nine year old boy and a five year old girl, in her own house. She supports her household with the help of her partner, who is living abroad. She receives a small monthly remittance that allows for day-to-day support, although it doesn’t cover all of her needs. Flor is a very active young woman, dedicated to her home and her children. Her house is located in a rural area. It is a simple house and needs to be finished in order to be more secure. She wants to place an order for an iron door and two sets of bars for the windows as quickly as possible; it is urgent because it gives greater safety to the members of the household, but she doesn’t have money to pay for the expense. Because of this, she is asking FUSAI for a loan that will allow her to pay for an iron door and two sets of iron window bars, as well as the labor to install them. Flor Idalba is very happy with this assistance, and she is committed to making the payments in the appropriate time period.
View original language description ↓
Flor Idalba de veintisiete años de edad vive junto a sus dos hijos, un niño de 9 años y una niña de 5 años en casa propia, ella sostiene el hogar con ayuda de su compañero de vida que se encuentra en el extranjero, recibe una pequeña remesa mensual que le permite el sustento diario, aunque no cubre todas sus necesidades; Flor es una joven muy activa, dedicada al hogar y a sus hijos, su vivienda está ubicada en una zona rural, es una casa sencilla y que necesita terminarla para que sea más segura, desea mandar a elaborar una puerta de hierro y dos balcones para las ventanas lo más rápido posible, es urgente porque habrá mayor seguridad para los miembros del hogar, pero no tiene capital para costear los gastos por eso le solicita a FUSAI un crédito que le permita comprar una puerta de hierro y dos balcones de hierro mas la mano de obra al ponerlas. Flor Idalba está muy alegre con la ayuda y se compromete a cancelar los pagos en el periodo indicado.

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

  • $4,900
    Average annual income
  • 659
    View loans »
    El Salvador Loans Fundraising
  • $22,070,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Flor Idalba to pay for an iron door, two sets of iron window bars, and labor expenses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Sep 26, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 25, 2013