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Dina Magali
Dina is 24 years old and lives alongside her family in their privately owned home. Dina is very hard-working and currently makes a living as a manager in a clothes shop. With this she can earn a decent and honest living. Dina has always been responsible with her family and her work. After 20 years of living in the house, Dina has noticed that the state of the roof has deteriorated - water leaks in during heavy rainfall and soaks the few things that the family owns. So, Dina is applying for a loan from FUSAI in order to buy building materials such as metal sheets, cement, and more. She hopes that she can soon achieve her dream and change the roof as soon as possible.
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Dina de 24 años de edad, habita junto a su familia en casa de su propiedad. Es una mujer muy trabajadora que actualmente trabaja como administradora de una tienda de ropa, es su forma de ganarse la vida honrada y decentemente. Siempre ha sido responsable con su familia y su trabajo. Porque ya tiene 20 años de vivir en su hogar ha notado que el techo esta desmejorado, se filtra el agua, cuando llueve fuerte y le mojan las pocas cosas que suele tener es por esa razón que solicita a FUSAI un préstamo para la compra de materiales de construcción como lamina, polines, cemento etc. Espera pronto poder realizar su sueño y cambiarlo lo mas antes posible

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

  • $4,900
    Average annual income
  • 450
    View loans »
    El Salvador Loans Fundraising
  • $23,269,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Dina Magali to buy building materials such as metal sheets, cement, and more.
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