Yesenia has been selling beef for a long and by doing this; she has been able to contribute to the economic situation at her home.
Her life partner is a builder and helps with the household expenses. They have built a small house together which needs some repairs.
The walls of Yesenia's house are made out of adobe. The weather and rain have caused some damages. As a result, they will need to repair some areas.
She is applying for the FUSAI loan so that she can invest in the purchase of brick, cement, sand, and iron to change the wall as soon as possible since it is collapsing.
Yesenia de 24 años de edad habita en casa de su propiedad junto a su compañero de vida y su pequeño hijo de 5 años. Yesenia se dedica a la venta de carne de res desde hace mucho tiempo y de esta forma colabora con la economía de su hogar. Su compañero de vida es albañil y le colabora con los gastos del hogar. Juntos han logrado construir una pequeña casa la cual necesita algunas reparaciones. Las paredes de la casa de Yesenia son de adobe y con el tiempo y las lluvias se han deteriorado por lo que es necesario cambiarlas. Solicita este crédito a FUSAI para invertir en la compra de ladrillo, cemento, arena y hierro para cambiar la pared lo antes posible ya que las que tiene se están cayendo.
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 IntegralApoyo 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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