Caribbean & Central America - January 2007 (ISSN 1741-4458)

Interest rates on loans offered by the Fondo Social para la Vivienda (FSV) rose at the beginning of 2007. Although the FSV claims that the increase will add only between US$0.01 to US$3.50 to monthly bills, poorer Salvadoreans say that the increase will make a big difference. One FSV borrower said that her monthly income was only US$157 and the interest rate increase would take her monthly payments to the FSV up from US$45.73 to US$48.32. These borrowers say that their pay is not going up commensurately.

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