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Maria Irma
At 44, María works very hard to bring daily sustenance to her home. To date she is separated from her husband, which is why she carries the responsibility of her household. She lives in her own house with her little 9-year-old granddaughter because she helps her daughter care for the young girl. María is known for being enterprising because for a long time she has earned a living selling typical snacks such as chicken tamales and little meat pastries. In this way she earns a living and supports her household.

Given that her land is affected by water currents when it rains, she wishes to build a retaining wall in order to prevent it from further washing away. For this, she asks for a loan from FUSAI in order to buy brick, cement, sand, and iron, and thus begin the construction as soon as possible.
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A sus 44 años de edad María trabaja muy duro para sacar llevar el sustento diario a su hogar. A la fecha se encuentra separada de su esposo por lo que ella lleva la responsabilidad del hogar. Habita en casa propia junto a su pequeña nieta de 9 años ya que ella le ayuda a su hija a cuidar la niña. María se caracteriza por ser emprendedora ya que desde hace mucho tiempo se gana la vida vendiendo antojitos típicos tales como: tamales de pollo y pastelitos de carne. De esta forma se gana la vida y lleva el sustento a su hogar. En vista de que su terreno se ve afectado por las corrientes de agua cuando llueve desea hacer un muro de retención para evitar que se siga lavando. Por lo anterior solicita este crédito a FUSAI para invertir en la compra de ladrillo, cemento arena y hierro y así comenzar la construcción lo antes posible.

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
  • 487
    View loans »
    El Salvador Loans Fundraising
  • $23,095,900
    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 Irma to buy brick, cement, sand, and iron in order to build a retaining wall to protect the land.
86% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2013
Listed
Nov 25, 2013
Currency Exchange Loss:
N/A