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Maria Luisa
María Luisa, 44, lives with her life partner and 11-year-old son in their own house. She sells traditional appetizers, sweet breads, and tamales. She and her husband work every day to support their family. María is active and courageous. The most important thing to her is giving her family the best.

Her house is located on the outskirts of the city. Some time ago, she began building a bathroom to make her family more comfortable, but she hasn't finished it. She needs to continue the work and put up a door, place ceramic floor tiles, and put on a roof. Due to her low income, she lacks money to buy materials. She has applied to FUSAI for a loan to buy galvanized steel, cement, sand, ceramic floor tiles, beams, and a door. María Luisa is pleased with the support and promise to make her payments on time.
View original language description ↓
María Luisa de cuarenta y cuatro años de edad vive junto a su compañero de vida y su hijo de 11 años en casa propia. Ella se dedica a la venta de antojitos típicos, pan dulce y tamales, trabaja todos los días junto a su esposo para poder ganarse el sustento para el hogar. María es una mujer muy activa y audaz lo más importante para ella es su familia quiere darles lo mejor; su vivienda está ubicada en las afueras de la ciudad, desde hace algún tiempo comenzó el trabajo de construir un baño que les diera más comodidad, pero no logro terminarlo por eso ahora necesita reanudar el trabajo, poner una puerta, colocar piso cerámico, y poner el techo, no posee del capital suficiente para los materiales debido a su condición económica y le solicita a FUSAI un crédito que le permita comprar lamina galvanizada, cemento, arena, piso cerámico, polines, una puerta. María Luisa está muy agradecida con la ayuda y se compromete a cancelar en el periodo establecido.

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
  • 522
    View loans »
    El Salvador Loans Fundraising
  • $23,459,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Maria Luisa to buy galvanized steel, cement, sand, ceramic floor tiles, beams, and a door.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2013
Listed
Sep 27, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013