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Nancy Carolina
Nancy Carolina, who is 25 years old, lives with her mother, her sister, and her nephew. Thankfully, they live in a house that is humble but their own. She is a very driven woman who always wants to do what is best for her mother. She has been improving her home little by little but at this time she still needs to pour cement on the floors and repair a wall. That is why she has requested a loan from FUSAI, so she can pay for labor and construction materials like bricks, cement, gravel, iron, etc. She works and is very responsible, which is how she is backing repayment of this loan. She hopes to pay it off as soon as possible. That would make her feel happy and satisfied.
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Nancy Carolina de 25 años de edad habita junto a su madre, hermana y su sobrino. Gracias a Dios residen en casa humilde pero propia, es una mujer muy emprendedora que desea siempre hacer lo mejor para su madre. En esta ocasión poco a poco ha ido mejorando su casa pero le falta encementar el piso y mejorar una pared es por esa razón que solicito un préstamo a FUSAI un préstamo para el pago de la mano de obra y los materiales de construcción como ladrillo de barro, cemento, grava, hierro etc. Ella trabaja y es muy responsable ese es su respaldo para el pago de su préstamo. Espera que sea lo más pronto posible así se sentirá feliz y satisfecha.

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.

Tags

About El Salvador

  • $7,500
    Average annual income
  • 776
    View loans »
    El Salvador Loans Fundraising
  • $26,231,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Nancy Carolina to pay for labor and construction materials like bricks, cement, gravel, iron, etc.
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:
Nov 17, 2013