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Maria Felix
María, 61, works in her tortilla business, which is her main source of income. María's a strong and responsible woman because she got her daughter ahead on her own. Her daughter's an adult and they live together, along with María's two grandchildren.

María's living conditions are very modest because with the income she earns from selling tortillas she can only cover her daily support and other unexpected expenses. She's requesting this loan from FUSAI to repair her roof and the floor, which is currently made of dirt.

With the loan she'll buy the materials she needs to make the necessary improvements: galvanized metal sheeting, wood, cement, sand, and gravel.
View original language description ↓

A sus 61 años de edad María trabaja en su negocio de tortillas el cual es su principal fuente de ingresos. María es una mujer fuerte y responsable ya que ella sola ha logrado sacar adelante a su hija quien ya es mayor de edad y habita junto a ella y sus dos nietos. Sus condiciones habitacionales son muy humildes ya que con los ingresos que percibe de la venta de tortillas solo logra cubrir los gastos diarios y otros imprevistos. Solicita este crédito a FUSAI para invertir en la reparación del techo y el piso que en la actualidad es de tierra. Con el crédito comprará lámina galvanizada, madera, cemento, arena y grava ya que son los materiales necesarios para las mejoras que requiere.

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
  • 804
    View loans »
    El Salvador Loans Fundraising
  • $25,672,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Maria Felix to buy construction materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2013
Listed
Nov 15, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 20, 2014