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Katherine Patricia
Katherine is 21 years old and a single mother. She lives with her son and a nephew, both four years old. Katherine is a very enterprising woman who earns a living doing different things: she washes clothes for people at their homes, she offers manicures and pedicures – also in people’s homes – and also sells mangoes when they are in season. Katherine needs to build a roof over the bathroom and washing area of her home. To do this work, she is applying for a loan from “FUSAI” in order to buy cement, sand, gravel, purlins, and metal sheeting, and to pay labourers.
View original language description ↓
Katherine de 21 años de edad es madre soltera y vive con su hijo y un sobrino ambos de 4 años de edad. Ella es una mujer muy emprendedora que se gana la vida de diferentes maneras tales como: lavando ropa ajena a domicilio, haciendo manicure y pedicure también a domicilio y vendiendo mango por temporadas. Katherine necesita construir el techo en el área del baño, lavadero y pila, por lo que solicita un préstamo a FUSAI para comprar cemento, arena, grava, polines, lámina galvanizada y pagar mano de obra.

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.

About El Salvador

  • $4,900
    Average annual income
  • 688
    View loans »
    El Salvador Loans Fundraising
  • $25,077,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $250 helped Katherine Patricia to buy cement, sand, gravel, purlins, and metal sheeting, and to pay labourers to build a roof over her washing area.
90% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2014
Listed
Jul 16, 2014
Currency Exchange Loss:
N/A