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Ana Raquel
Ana is 31 years old and lives in a home of her own, along with her four children who attend the local public school. She raises pigs and earns a living this way and helps with the household expenses. Her husband emigrated a few years ago, in search of better living conditions that he could not reach in the country and was unable to cover the household expenses. They are getting ahead with great effort so that they can provide better living conditions for their children. Ana is asking for this loan through FUSAI so she can repair her house to provide better living conditions. She will use the money from this loan to buy galvanized metal and lumber.
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Ana de 31 años de edad habita en casa propia junto a sus cuatro hijos quienes se encuentran estudiando en la escuela pública de su localidad. Ella se dedica a la crianza y venta de cerdos y de esta forma se gana la vida y colabora con la economía del hogar. El compañero de vida de Ana emigro hace algunos años al extranjero en busca de mejores condiciones de vida ya que lo que ganaba en el país no le alcanzaba para cubrir los gastos del hogar. Con mucho esfuerzo van saliendo adelante y tratan de unir esfuerzos para dar a sus hijos mejores condiciones de vida. Con el fin de mejorar sus condiciones habitacionales, Ana solicita este crédito a FUSAI ya que desea reparar el corredor de su vivienda el cual se encuentra deteriorado. Con el crédito comprará lámina galvanizada y madera.

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

  • $7,500
    Average annual income
  • 766
    View loans »
    El Salvador Loans Fundraising
  • $26,245,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $450 helped Ana Raquel to buy building materials.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 4, 2013
Listed
Dec 19, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2015