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Maria Esperanza
María is 57 years old and lives in her own house with her partner. For a long time now María has been making a living offering services doing domestic chores. This work has allowed her to bring home an income and help her partner, a builder, with the household bills. María wants to build a hall in her home. She does not currently have one and this poses problems in times of rain or sun. María is applying for a loan from FUSAI in order to buy bricks, laminate sheets, cements, sand. and to pay labourers to start building the hall she so desperately needs.
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María de 57 años de edad reside en casa propia junto a su compañero de vida. María se dedica a la prestación de servicios domésticos desde hace mucho tiempo. Esta ocupación le permite llevar el sustento diario y ayudar a su compañero de vida quien es albañil con la economía del hogar. Desea construir un corredor en su vivienda ya que en la actualidad no tiene y esto le perjudica cuando llueve y cuando hace sol. Solicita este crédito a FUSAI para invertir en la compra de ladrillo, lámina, cemento, arena y pago de mano de obra para comenzar a construir el corredor que tanta falta le hace.

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
  • 592
    View loans »
    El Salvador Loans Fundraising
  • $23,939,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Maria Esperanza to buy bricks, laminate sheets, cements, sand. and to pay labourers to start building a hall in her home.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 26, 2013
Listed
Dec 4, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014