With the goal of growing her business, she has requested this loan from FUSAI to invest in the purchase of products for her store (rice, sugar, beans, snacks, sweet bread, etc.) to increase her inventory. This will allow her to be prepared for greater demand and increase her sales and income, which will help her to achieve her goal of improving her quality of life and her son's quality of life.
Evelyn de 33 años de edad habita en casa propia junto a su esposo y su pequeño hijo de 5 años de edad. Evelyn se caracteriza por ser una mujer muy emprendedora ya que desde hace varios años logró establecer una pequeña tienda en su hogar de residencia en la cual vende variedad de productos como pan dulce, golosinas, arroz, azúcar, etc. Junto a su esposo quien trabaja como comerciante en el mercado de su localidad llevan la economía del hogar y juntos van sacando adelante a su familia. Con el propósito de hacer crecer su tienda solicita este crédito a FUSAI para invertir en la compra de productos de tienda (arroz, azúcar, frijoles, golosinas, pan dulce, etc.) para incrementar su inventario lo cual le permita cubrir una mayor demanda y de esa forma hacer crecer su ventas e ingresos que la lleven a cumplir su objetivo de mejorar su calidad de vida y la de su hijo.
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 IntegralApoyo 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.
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