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Mirian Guadalupe
Mirian is 32 years old and lives in her own house with her life partner - a mechanic - and their three children, aged 16, 14, and 4 years old respectively. Mirian is enterprising and very responsible. She has made a living selling beauty products from catalogues for five years, and this supports her household. In order to make her house more secure, Mirian has decided to build a fence around the passage outside and, for this, needs to buy iron and pay labourers to build the fence. Mirian is applying to FUSAI for the money that she needs, as she does not have enough cash available. However, with the loan, which she can pay back monthly, she can build this fence.
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Mirian de 32 años de edad habita en casa de su propiedad junto a su compañero de vida quien es mecánico y sus tres hijos de 16 años, 14 años y 4 años de edad. Mirian se caracteriza por ser una mujer emprendedora y muy responsable. Desde hace 5 años se dedica a la venta de productos de belleza por catálogo y así lleva el sustento a su hogar. Con el fin de asegurar su vivienda ha decidido enrejar el corredor para lo cual necesita comprar hierro y pago de mano obra para hacer el enrejado. Solicita este préstamo a FUSAI para hacer el desembolso que necesita ya que no cuenta con el capital disponible pero si con la capacidad de pago mensual que el préstamo implica.

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
  • 680
    View loans »
    El Salvador Loans Fundraising
  • $24,309,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Mirian Guadalupe to buy iron and to pay labourers to fence up her home's passage.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2013
Listed
Nov 13, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 20, 2014