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Griselda
Griselda is 55 years old and lives with her five children and one grandson. They all live in her home for a total of seven people. She is employed as a domestic workers and her two older children help her to pay for household costs. Griselda is an active, daring, and hard working women dedicated to her family. Her home needs more security and so she wants to take advantage of this opportunity to install a new front door and two windows on her balcony, as well as build a guardrail around the home. Griselda has already completed her first loan with FUSAI that she used to pave her walkway and to re-roof her home. Her first loan has already been payed back. Today she is applying for a new loan with FUSAI that will help her to purchase a door, two windows, cement, bricks, and sand. Griselda is very happy to receive the help she has gotten and she promises to make punctual payments.
View original language description ↓
Griselda de cincuenta y cinco años de edad vive junto a sus cinco hijos y su nieto en casa propia, son siete personas en el hogar. Ella es empleada domestica y sus dos hijos mayores, le ayudan con su trabajo para completar los gastos del hogar; Griselda es una mujer activa, audaz y sobre todo entregada a su labor y a su familia, su vivienda necesita más seguridad, por eso quiere aprovechar la oportunidad de ponerle una nueva puerta en la entrada principal y dos ventanas con balcón, además quiere construir el pasamanos alrededor de la casa, quiere empezar con el trabajo. Griselda ya tuvo su primer crédito con FUSAI y con él realizó el pavimento del corredor de su casa y cambió la lámina de su techo. su primer crédito ya lo canceló. Hoy solicita a FUSAI un segundo crédito que le permita comprar una puerta, dos ventanas, cemento, ladrillo, arena. Griselda está muy alegre con la ayuda y se compromete de nuevo a cancelar cada pago.

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
  • 636
    View loans »
    El Salvador Loans Fundraising
  • $22,066,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Griselda purchase a door, two windows, cement, bricks and sand.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2013
Listed
Sep 27, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013