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Maura
Maura is 39 years old and lives in her own house together with her sister and her three children. Maura sells tortillas and beauty products. She has had this business for five years, and it is what allows her to bring sustenance to her household and give better living conditions to her family, which is the most important thing for her. She does everything that is within her reach to give them better conditions. To do this, she made the decision to apply to FUSAI for this loan to invest in the construction of a bedroom, for which she needs materials such as sand, bricks, cement, and gravel and to pay for labor for this construction.
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Maura tiene 39 años de edad y habita en casa propia junto a su hermana y sus tres hijos. Maura se dedica a la venta de tortillas y productos de belleza. Maura tiene 5 años de contar con este negocio y es el que le permite llevar el sustento a su hogar y dar mejores condiciones de vida a su familia la cual es lo más importante y por ella hace todo lo que este a su alcance para darles mejores condiciones. Por lo anterior ha tomado la decisión de solicitar este crédito a FUSAI para invertir en la construcción de un cuarto dormitorio para el cual necesita materiales como: arena, ladrillo, cemento, grava y pago de mano de obra par la construcción respectiva.

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

  • $7,500
    Average annual income
  • 803
    View loans »
    El Salvador Loans Fundraising
  • $25,698,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Maura to buy sand, bricks, cement, and gravel and pay for labor to build a bedroom.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2014
Listed
Apr 13, 2014
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2015