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Maria Secundina
Maria is a 47 year old single mother who lives in her own home with her daughter and her little granddaughter. She makes a living by selling beauty products from a catalogue. Every day she goes to the main areas in her community where she offers her products which are very much in demand. With the aim of improving her living conditions Maria has requested a loan from FUSAI to invest in purchasing bricks, cement, sand and iron so that she can build a small room inside her house.
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María de 47 años de edad es madre soltera y habita en casa propia junto a su hija y su pequeña nieta. Se gana la vida por medio de la venta de productos de belleza por catálogo. Todos los días recorre las principales zonas de su comunidad para ofrecer sus productos los cuales son muy demandados. Con el fin de mejorar sus condiciones habitacionales solicita este crédito a FUSAI para invertir en la compra de ladrillo, cemento, arena y hierro de tal manera que le permita construir un pequeño cuarto dentro de su vivienda.

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.

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About El Salvador

  • $4,900
    Average annual income
  • 566
    View loans »
    El Salvador Loans Fundraising
  • $24,025,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Maria Secundina to buy bricks, cement, sand and iron to build a room.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Nov 26, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 26, 2015