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Maria Magdalena
María, age 44, lives in her own house with her husband and two minor children. María and her husband do everything possible so that their children have the best living conditions.

She is an enterprising woman, who has been selling sweet breads in an itinerant manner for several years. This business is her main source of income, and it allows her to support her household.

In order to improve their living conditions, she is requesting a loan from FUSAI. She wishes to improve the roof of her house, which has been damaged by time and the rains. She will use the loan to buy poles and galvanized metal sheets and to pay for the labor. She hopes to be able to count on this help as soon as possible. That way she will start with the repairs.
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María de 44 años de edad habita en casa propia junto a su esposo y dos hijos menores de edad. María y su esposo hacen todo lo posible para que sus hijos cuenten con las mejores condiciones de vida. Es una mujer emprendedora quien desde hace unos años se dedica a la venta de pan dulce de manera ambulante, dicho negocio es su principal fuente de ingresos y lo que le permite llevar el sustento a su hogar. Con el propósito de mejorar sus condiciones habitacionales solicita este crédito a FUSAI ya que desea mejorar el techo de su vivienda el cual se encuentra dañado a causa del tiempo y las lluvias. Con el crédito comprará polines, lámina galvanizada y pagará mano de obra. Espera poder contar con esta ayuda lo antes posible y así comenzar con las reparaciones respectivas.

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
  • 448
    View loans »
    El Salvador Loans Fundraising
  • $22,660,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $700 helped Maria Magdalena to buy poles and galvanized metal sheets and to pay for the labor in order to repair the roof on her house.
79% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2013
Listed
Nov 25, 2013
Currency Exchange Loss:
N/A