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Consuelo
Consuelo is 41 years old. She is a single mother who lives in her own home with her four children. Consuelo has had a small store in her home for various years. With the earnings she obtains from the store she can pay for some of the expenses of her home. She wants to improve her home, but with what she is earning she can't accomplish this goal. This is the reason she is seeking a loan to purchase materials like cement, sand, bricks, iron and payment for manual labor to construct a wall next to her home and to install lights in the kitchen so that she and her children can live comfortably and securely.
View original language description ↓
consuelo de 41 años de edad es madre soltera vive en casa propia con sus cuatro hijos, ella posee una pequeña tienda en su lugar de residencia desde hace varios años, con lo que obtiene de sus ganancias logra solventar algunos gastos de su hogar, ella quiere hacer una mejora en su vivienda pero con lo que gana no le alcanza para poder realizarlo por esa razón solicita un crédito para la compra de materiales como cemento, arena, ladrillos, hierro y pago de mano de obra para poder construir un muro atrás de su casa y poder instalar la luz en la cocina para que ella y sus hijos puedan vivir cómodos y seguros.

Additional Information

More information about this loan

This loan is a special product offered by Apoyo Integral to help impoverished individuals in El Salvador make improvements to their homes, so as to offer safer and healthier living conditions to their families. These are individual loans for which the Field Partner has significantly lowered their guarantee standards because
the borrower is grouped with other Apoyo clients in a solidarity agreementNormally, families at certain income levels are not eligible for housing loans. However, since group members are cross guaranteeing one another, Apoyo Integral has decided to fund these loans. Further, the field partner is working through local community development organizations to not only determine which families are the best candidates for the loans but also to offer technical assistance and education for loan recipients covering topics such as financial education, proper hygiene and sanitation, and efficient use of electricity.

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.

About El Salvador

  • $4,900
    Average annual income
  • 451
    View loans »
    El Salvador Loans Fundraising
  • $23,263,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,500 helped Consuelo to purchase materials like cement, sand, bricks and iron, and to pay for manual labor.
86% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2013
Listed
Jan 4, 2014
Currency Exchange Loss:
N/A