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Reyna Esperanza
Reyna is 46 years old. She is a single mother and leaves in a house she owns, together with her 3-year-old daughter. Reyna sells cosmetic products via catalog. Everyday she goes to the different areas of her town to offer her products. Thanks to her charisma and the quality of the products she offers, she has earned the trust of many clients who place orders every day. Reyna wants to secure her home, which is why she wants to build a perimeter wall. That is why she is asking the lending partner, FUSAI, for a loan to invest in the purchase of gravel, cement, sand, iron and brick and to pay the labor cost to build a new wall.
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Reyna de 46 años de edad es madre soltera y habita en casa propia junto con su hija de tres años de edad. Reyna se dedica a la venta de productos de belleza por catálogo. Todos los días sale a recorres las diferentes zonas de su localidad para ofrecer los productos. Gracias a su carisma y calidad de los productos que ofrece ha logrado ganarse la confianza de muchos clientes quienes cada día le demandan. Desea asegurar su vivienda para lo cual quiere construir un muro perimetral. Por lo anterior solicita este crédito a FUSAI para invertir en la compra de grava, cemento, arena, hierro y ladrillo y pago de mano de obra para la construcción del muro.

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
  • 599
    View loans »
    El Salvador Loans Fundraising
  • $21,991,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Reyna Esperanza to buy gravel, cement, sand, iron and brick and pay for labor costs to build a perimeter wall.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2013
Listed
Nov 26, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014