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Idalia
Idalia, who is 41 years old, lives with her life companion and their three children. She works in commerce. Five years ago she began a business of selling medicines such as tablets, cough syrups, alcohol, etc. In this way, she manages to bring sustenance to her home, and together with her life companion they manage the economy of their household. With the goal of improving the living conditions of their children, she wants to repair the floor of the corridor of their residence, since it is deteriorated. She is applying to FUSAI for this loan to invest in the purchase of cement, sand, and gravel and thus be able to make the arrangements as soon as possible.
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Idalia de 41 años de edad habita junto a su compañero de vida y sus tres hijos. Ella se dedica al comercio. Desde hace cinco años comenzó el negocio de venta de medicinas tales como: pastillas, jarabes para la tos, alcohol, etc. De esta forma logra llevar el sustento a su hogar y junto a su compañero de vida llevan la economía de su casa. Con el fin de mejorar las condiciones habitacionales de sus hijos desea reparar el piso del corredor de su vivienda ya que se encuentra deteriorado. Solicita este crédito a FUSAI para invertir en la compra de cemento, arena, y grava y así poder hacer los arreglos lo 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.

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About El Salvador

  • $4,900
    Average annual income
  • 699
    View loans »
    El Salvador Loans Fundraising
  • $25,086,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Idalia to buy cement, sand, and gravel to cement the floor of the passageway in her home.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 20, 2014