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Marta Alicia
Marta is 36 years old and lives in her own house with her eleven-year-old son and her mother, who depends on her financially. Marta is a hard-working and dedicated woman. She does everything within her power in order to support her household. Marta works as a machinist in a factory near to her home and, through this work, looks after her household. Marta's living conditions are very simple and so she has taken the decision to apply for this loan from "FUSAI" to fix the roof of her kitchen, which is currently in bad condition. Marta will use this loan to buy galvanised metal sheeting and wood, and to pay labourers to carry out the work.
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Marta tiene 36 años de edad y habita en casa propia junto a su hijo de 11 años de edad y su madre quien depende de ella económicamente. Marta es una mujer trabajadora y comprometida en su trabajo. Hace todo lo que este a su alcance para llevar el sustento a su hogar. Marta trabaja como operaria en una fabrica cercana a su localidad y de esta forma mantiene la economía de su hogar. Sus condiciones de vivienda son muy sencillas por lo que ha tomado la decisión de solicitar este crédito a FUSAI para invertir en la reparación del techo de la cocina dado que se encuentra en mal estado. Con el monto solicitado comprará lámina galvanizada, madera y pagará la mano de obra para la reconstrucción.

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
  • 612
    View loans »
    El Salvador Loans Fundraising
  • $22,145,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $600 helped Marta Alicia to buy galvanised metal sheeting and wood, and to pay labourers to fix her kitchen roof.
80% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2014
Listed
Apr 14, 2014
Currency Exchange Loss:
N/A