Claudia makes and sells delicious cocktails made with conchs, shrimps, lemon, tomato, onion and chilli. Her products are very desirable as they are good quality and the prices are good. Her ambition is to improve her business as she has more customers every day and sometimes can't keep up with the demand.
Therefore, she is requesting this loan from FUSAI to invest in her business as it is her main source of income and is accepted in her community. With the loan, she will buy conchs, cocktail dishes, shrimps and dressings. She comments that with the expected income from the business she will be able to repay the loan.
Claudia de 23 años de edad reside en casa de su propiedad junto a su esposo. Juntos trabajan duro para llevar el sustento a su hogar y mantener los gastos diarios. Claudia se dedica a la elaboración y venta de ricos cocteles preparados a base de conchas, camarones, limón, tomate, cebolla y chile. Sus productos son muy demandados ya que son de buena calidad y a muy buenos precios. Su deseo es mejorar su negocio ya que cada día los clientes son más y a veces no logra cubrir la demanda de sus clientes. Por lo anterior solicita este crédito a FUSAI para invertir en su negocio ya que es su principal fuente de ingresos y es muy aceptado en la comunidad donde reside. Con el Crédito comprará conchas, platos cocteleros, camarones y aderezos. Expresa que con lo que percibe del negocio logrará cancelar la deuda del crédito.
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.
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Success!! The loan was 100% repaid