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Blanca Mirian
Blanca is 34 years old and lives together with her husband and her four children who are 11, 13, 14, and 15 years old. Blanca is a very hard working woman and entrepreneur who together with her husband carries the economy of their home. She and her husband work in a nearby carpentry shop - this is how they earn their daily living.

Her primary asset is her humble home which still needs some improvements. In order to improve their living conditions she seeks this FUSAI loan to invest in the purchase of cement, gravel, and sand to cement the floor which is presently earthen. Also, she hopes to install electricity since she does not have this service. She hopes to rely on such support as soon as possible.
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Blanca de 34 años de edad habita junto a su esposo y sus 4 hijos de 11 años, 13 años, 14 años y 15 años de edad. Blanca es una mujer muy trabajadora y emprendedora quien junto a su esposo llevan la economía de su hogar. Ella y su esposo trabajan en una carpintería cerca de su localidad y así es como llevan el sustento diario. Su principal patrimonio es su humilde vivienda la cual todavía necesita algunas mejoras. Con el fin de mejorar sus condiciones habitacionales solicita este crédito a FUSAI para invertir en la compra de cemento, grava y arena para encementar el piso ya que en la actualidad es de tierra. Además, desea hacer la instalación de la energía eléctrica ya que no cuenta con el servicio. Espera poder contar con dicho apoyo 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.

Tags

About El Salvador

  • $7,500
    Average annual income
  • 660
    View loans »
    El Salvador Loans Fundraising
  • $26,152,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Blanca Mirian to purchase cement, gravel, and sand to cement the floor and install electricity.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 11, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2015