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Maria De Los Santos
María is 42 years old and is a single mother to her three children. She lives with her children and her elderly mother, who is 84 years old. María makes a living running a convenience store out of her home and selling products for daily consumption, including: soft drinks, cereal, sweets, oil, soap, etc.

With the support from this loan, María plans to purchase merchandise to stock her store, including: cereal, soft drinks, sweets, pastries, oil, soap, etc. She hopes this investment will help her to strengthen her business, and she promises to make all scheduled loan repayments on time.
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María de 42 años de edad, es madre soltera y habita junto a su madre de 84 años y sus tres hijos. Ella se dedica a la venta de productos de primera necesidad en una tienda que con mucho esfuerzo ha logrado establecer en su hogar de residencia. Vende variedad de productos tales como bebidas gaseosas, golosinas, cereales, aceite, jabón, etc. Con el deseo de mejorar sus ingresos y poder dar a su familia mejores condiciones de vida, solicita este crédito a FUSAI para invertir en la compra de un mayor inventario para su tienda como: cereales, golosinas, bebidas gaseosas, pan dulce, aceite, jabón, etc. Tiene plena confianza que con los ingresos que percibe logrará pagar las cuotas que el crédito implica.

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.

Tags

About El Salvador

  • $4,900
    Average annual income
  • 433
    View loans »
    El Salvador Loans Fundraising
  • $22,832,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Maria De Los Santos to purchase cereals, sweets, soft drinks, pastries, oil, soap, etc. to stock her convenience store.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2013
Listed
Nov 26, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 23, 2014