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Yeny Guadalupe
Yeny is 28 years old and a single mother of three children (ages 13, 9, and 7). She lives in a modest house that she has owned for the past three years. Yeny sells used clothing and also provides housekeeping services in order to sustain her household finances and provide for her children’s daily needs.

Her main asset is her small house that is need of many improvements. Among these repairs is replacing the metal sheets that have deteriorated over time and because of the rain. For this reason, she approached FUSAI about requesting a loan so that she can invest in the purchase of galvanized metal sheets, nails, and wood so that she can replace the roof and the walls of her small house.

Yeny hopes to receive this assistance so that she can provide her children with better living conditions.
View original language description ↓

Yeny tiene 28 años de edad y es madre soltera de tres hijos de 13, 9 y 7 años de edad. Habita en casa humilde pero propia desde hace 3 años. Ella se dedica a la venta de ropa usada y a la prestación de servicios domésticos, de esta forma es como mantiene la economía de su hogar y logra dar a sus hijos el sustento diario. Su principal patrimonio es su casita la cual necesita muchas mejoras ya que es de lámina y con el tiempo y las lluvias se han deteriorado. Esta es la razón por la cual se acercó a FUSAI para solicitar este crédito para invertir en la compra de lámina galvanizada, clavos y madera para cambiar el techo y las paredes de su casita. Espera poder contar con esta ayuda y dar a sus hijos mejores condiciones de vida.

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
  • 844
    View loans »
    El Salvador Loans Fundraising
  • $25,704,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Yeny Guadalupe to buy construction materials so that she can replace the roof and walls of her house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2013
Listed
Oct 16, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013