Adding to basket
Maria Concepcion is a client who works selling pupusas. She has been selling in the colony for 20 years and it is with the business that she has gotten her children ahead.
She has been working with ASEI for 18 years. Her dream is to establish a pupusa stand. She will use the loan to purchase raw materials for pupusas such as beans, corn, cheese, and gas.
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Translated from Spanish by Kiva volunteer Wendy H. View original language description.
Maria Concepcion es una cliente que se dedica a la venta de pupusas, ella tiene 20 años de vender en la colonia y es con el negocio que ha sacado adelante a sus hijos, ella tiene 18 años de trabajar con ASEI, su sueño es con poner un puesto de pupusería, su préstamo lo va utilizar para la compra de material para pupusas como: frijol, maíz, queso, gas.
This loan provides financing to microentrepreneurs in El Salvador to invest in their businesses.
COOPHEL is a for profit organization (previously known as ASEI) in El Salvador that provides financial and non-financial products via group and individual credits to micro entrepreneurs with limited economic resources with the goal of improving their living conditions and income level.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
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