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Maria  Esperanza
María is a woman who is characterized as being very hardworking and responsible. At 57 years old, she continues to work in domestic services. She lives in her own home with her children who are grown and contribute to the household budget. For her, the most important thing is her children's comfort. She is asking for this loan from FUSAI to invest in construction of a small room on her property. With the loan, she will buy galvanized sheeting, wood, and adobe (materials used to put up the wall, made from mud and sun-dried straw). The client says that she has the capacity to make the loan payments.
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María es una mujer que se caracteriza por ser muy trabajadora y responsable. A sus 57 años de edad sigue trabajando en servicios domésticos. Habita en casa propia junto a sus hijos quienes ya son mayores de edad y aportan en la economía del hogar. Para ella lo más importante es la comodidad de sus hijos. Solicita este crédito a FUSAI para invertir en la construcción de un pequeño cuarto dentro de su propiedad. Con el crédito comprará: lámina galvanizada, madera y adobes (material utilizado para levantar la pared y es hecho a base de masa de barro y paja secada al sol). La clienta expresa tener la capacidad para cancelar las cuotas del crédito.

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
  • $22,757,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $700 helped Maria Esperanza to buy galvanized sheeting, wood and adobe to build a room.
86% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 4, 2013
Currency Exchange Loss:
N/A