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Anonymous

Update on Anonymous

This 25 year old client lives in a relative's house with her children and her life's companion, who helps with the business. Three years ago, she decided to open a stall selling men's and women's underwear, wallets, stuffed animals, etc., in the market close to her residence. It has gone very well for her, since she has a lot of regular customers who seek her out for her good products and very accessible prices. With the profits she earns she is able to pay for some household expenses. She is asking for a loan to be able to buy more merchandise wholesale and continue with her business. It is her only source of employment and this way she can give her family more financial stability.
View original language description ↓
La clienta de 25 años de edad vive en casa de un familiar con sus hijos y su compañero de vida quien le ayuda en el negocio, desde hace 3 años tomo la decisión de poner un puesto de venta de ropa interior para damas y caballeros, carteras, peluches, etc. en el mercado que esta cerca de su lugar de residencia, le ha ido muy bien ya que tiene mucha clientela fija que la busca por sus buenos productos y a precios muy accesibles, con las ganancias que obtiene logra solventar algunos gastos en su hogar, la clienta esta solicitando un crédito para poder comprar mas mercadería por mayor y poder seguir con su negocio ya que esa es su única fuente de trabajo y asi poderle dar a su familia una mejor estabilidad económica.

Previous Loan Details

The client lives in a family member’s house with her children and her life partner, who helps her with the business. Three years ago she made the decision to set up a stand selling men’s and women’s underwear, purses, and stuffed animals, etc. She sells at the market that is close to where she ... More from Anonymous's previous loan »

Additional Information

More information about this loan


This loan is part of a pilot project Apoyo Integral is launching in conjunction with several local NGOs to support at-risk youth and their families with funding from Kiva. This loan product is tailored to young people who find themselves in high-risk situations because they are located in areas affected by extreme violence. Loans are combined with vocational, technical, and financial training to help these young people develop business ideas that will help them generate income, reintegrate into society, and support their dreams of being productive and contributing members of society.   


Due to potential safety risks facing these youth, some of the loans are being disbursed to their parents in order to protect their identities. For the same reason, the faces of some Apoyo Integral borrowers may be blurred in photos. Apoyo Integral appreciates Kiva lenders' understanding of these challenges and encourages them to provide much-needed support to at-risk Salvadoran youth.


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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

Tags

About El Salvador

  • $4,900
    Average annual income
  • 488
    View loans »
    El Salvador Loans Fundraising
  • $23,095,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $625 helped this borrower to buy men's and women's underwear, wallets, stuffed animals, etc., wholesale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 30, 2013
Listed
Jan 5, 2014
Currency Exchange Loss:
N/A
Ended:
Aug 23, 2014
This photo was used before for a previous loan for Anonymous. It was first posted on Kiva on Jun, 2013. Learn More