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Lilian Carolina
Lilian is 37 and lives in a house of her own together with her two daughters, aged 14 and 12. She sells typical food to go, such as fried yuca and meat pies, as well as natural refreshments and fizzy drinks. This is how she supports her family and pays for household expenses. Considering her business is her main source of income, and that it is what enables her to pay for her daughters' basic necessities, Liliana decided to ask FUSAI for a loan in order to improve her business through investment. She will buy a new cooker to replace her main working tool, which has broken down. She hopes to get the loan in order to keep the business going for a long time.
View original language description ↓
Lilian tiene 37 años de edad y habita en casa propia junto a sus dos hijas de 14 años y 12 años de edad. Lilian se dedica a la venta de antojitos típicos como: yuca frita, pasteles de carne, refrescos naturales, gaseosas, etc. De esta forma lleva el sustento a su familia y mantiene la economía del hogar. Dado que su negocio es su principal fuente de ingresos y es el que le permite dar a sus hijas lo necesario ha tomado la decisión de solicitar este crédito a FUSAI para invertir en su negocio en la compra de una cocina nueva dado que la tiene se arruino y su principal herramienta de trabajo. Espera poder contar con este financiamiento y así poder mantener su negocio por mucho más tiempo.

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

  • $7,500
    Average annual income
  • 744
    View loans »
    El Salvador Loans Fundraising
  • $26,180,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $250 helped Lilian Carolina to buy a new cooker, vegetables, and cereals.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2014
Listed
Apr 30, 2014
Currency Exchange Loss:
N/A
Ended:
Feb 20, 2015