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Maria Elena
Maria Elena is a very admirable woman since she is 51-years-old and never tires of her work and struggle for a better life. She lives in a house she owns with her husband who makes his living as a laborer, helping to sustain the economy of their home. Maria has managed to make a little shop in her place of residence which has been her source of income for a long time. She wants to make some adjustments in her home because, over time, the roof has deteriorated. She also wants to finish a room that was started but not completed. She has applied for this credit from FUSAI to invest in buying galvanized metal, wood, brick, sand, and cement. She trusts that her earnings from the store will allow her to repay this loan.
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María Elena es una mujer muy admirable puesto que a sus 51 años de edad no se cansa de trabajar y luchar por una vida mejor. Habita en casa de su propiedad junto a su esposo quien se gana la vida como jornalero y así ayuda a sostener la economía de su hogar. María ha logrado adecuar una pequeña tienda en su lugar de residencia la cual ha sido su fuente de ingresos desde hace mucho tiempo. Desea hacer algunos arreglos en su vivienda ya que con el tiempo el techo se ha deteriorado y además desea dar final a un cuarto que comenzó y no logró terminar. Solicita este crédito a FUSAI para invertir en la compra de lámina galvanizada, madera, ladrillo, arena y cemento. Confía que con los ingresos que percibe de su tienda logrará pagar el 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.

About El Salvador

  • $7,500
    Average annual income
  • 716
    View loans »
    El Salvador Loans Fundraising
  • $27,098,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Maria Elena to purchase galvanized metal, wood, bricks, sand, and cement to repaid her roof and finish a room.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 29, 2013
Nov 17, 2013
Currency Exchange Loss:
Dec 19, 2013