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Maria Argelia
Maria is 63 years old and has for a long time now lived in her own home with her husband. Maria has worked for two years selling quesadillas and fresh cheese. With this business she earns a living and meets her household expenses.

Maria would like to improve the shed in which she milks her cows to make the delicious cheese she sells. For this reason, she is requesting this loan from FUSAI to buy bricks, galvanized sheeting, cement and sand. She says that she has the capacity to pay that the loan requires.
View original language description ↓
María de 63 años de edad habita en casa propia junto a su esposa desde hace mucho tiempo. María se dedica a la venta quesadillas y queso fresco desde hace dos años. De esta forma se gana la vida y lleva el sustento a su hogar. María desea mejorar la galera la cual le sirve para ordeñar las vacas y así poder sacar la leche y hacer el rico queso para la venta. Por lo anterior solicita este crédito a FUSAI para invertir en la compra de ladrillo, lámina galvanizada, cemento, arena, etc. Expresa tener la capacidad de pago que el crédito implica.

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.

Tags

About El Salvador

  • $4,900
    Average annual income
  • 576
    View loans »
    El Salvador Loans Fundraising
  • $23,939,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $700 helped Maria Argelia to buy bricks, galvanized sheeting, cement and sand to improve the shed in which she milks her cows.
85% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2013
Listed
Feb 4, 2014
Currency Exchange Loss:
N/A