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Maria Bernarda
María is 56 years old and has been living with her husband in their own home for a long time. María sells fruits and vegetables in the central market of her town. This is how she earns her living and supports her household.

She wishes to repair the roof of her modest home and build a wall, so she is requesting this loan from FUSAI in order to buy galvanized sheet metal roofing and lumber. She hopes to be able to access this loan and proceed as soon as possible with the improvements to her home.
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María de 56 años de edad habita en casa propia junto a su esposo desde hace mucho tiempo. María se dedica a la comercialización de verduras y frutas en el mercado central de su localidad. de esta forma se gana la vida y lleva el sustento a su hogar. Desea reparar el techo de su humilde vivienda y construir una pared, por lo que solicita este crédito a FUSAI para invertir en la compra lámina galvanizada y polines. Espera poder tener acceso a este financiamiento y así proceder lo antes posible a la realización de las mejoras 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
  • 694
    View loans »
    El Salvador Loans Fundraising
  • $24,290,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $600 helped Maria Bernarda to buy galvanized sheet metal roofing and lumber for repairing the roof of her home and building a wall.
85% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 11, 2013
Listed
Dec 24, 2013
Currency Exchange Loss:
N/A