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Sahara Leonor
23-year-old Sahara lives with her mother in their own home. She is an enterprising, hard-working and responsible woman who, as a result of much hard work, has managed to setup a small shop where she sells a range of medicinal products such as: head-ache tablets, stomach-ache tablets, cough medicine, cotton-wool, vitamins and alcohol. The business is her main source of income and so she wants to keep it up and running for some time to come. Because she wants to capture a bigger slice of the market, she has decided to invest in her business by increasing her stock so as to attract more customers. Therefore, she is applying to FUSAI for this loan to invest in the purchase of medicinal products and creams for men and women.
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Sahara tiene 23 años de edad y habita en casa propia junto a su madre. Sahara es una mujer emprendedora, trabajadora y responsable quien con mucho esfuerzo ha logrado adecuar una pequeña tienda en la cual comercializa variedad de medicinas como: pastillas para el dolor de cabeza, pastillas para el dolor de estomago, jarabe para la tos, algodón, vitaminas y alcohol. Este negocio es su principal fuente de ingresos por lo que desea mantenerlo activo por mucho tiempo. Con el deseo de abarcar una mayor cuota de mercado ha tomado la decisión de invertir en su negocio para incrementar el inventario y así poder llegar a más clientes. Por lo anterior solicita este crédito a FUSAI para invertir en la compra de medicamentos y lociones para caballeros y damas.

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 El Salvador

  • $4,900
    Average annual income
  • 448
    View loans »
    El Salvador Loans Fundraising
  • $23,269,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Sahara Leonor to buy medicinal products and creams for men and women.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2014
Listed
Mar 30, 2014
Currency Exchange Loss:
N/A
Ended:
Feb 20, 2015