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Maria Sebastiana
María is 57 years old and lives in her own home. She is known in her area as a hardworking woman who earns a living lending her domestic services in people's homes. María wants to install drinking water in her home as she doesn't have this vital liquid.

For this reason she is applying to FUSAI for a loan to buy the right to install drinking water, as well as tubes, pipes and faucets for the installation of drinking water in her home. She is hoping for this as soon as possible, as it is something that every home should have.
View original language description ↓
María de 57 años de edad habita en vivienda propia. Ella en su cantón es reconocida como una mujer luchadora que se gana la vida prestando sus servicios domésticos de forma domiciliar. María desea instalar agua potable en su vivienda ya que no cuenta con este vital liquido por lo que solicita a FUSAI un crédito para comprar: derecho de instalación de agua potable y tubos, caños, grifos para la instalación de agua potable en su vivienda lo antes posible ya que es un servicio que todo hogar debe tener.

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

  • $7,500
    Average annual income
  • 783
    View loans »
    El Salvador Loans Fundraising
  • $25,654,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $300 helped Maria Sebastiana to buy the right to install drinking water, as well as tubes, pipes and faucets for the installation of drinking water in her home.
90% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2014
Listed
Aug 29, 2014
Currency Exchange Loss:
N/A