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Saul Alexander
Saul Alexander is 19 years old, single, and he lives with his parents. Given his parents' limited financial resources he was not able to stay in school. He only has a basic level of education. He has two brothers, and older and a younger. His father is the owner of a blacksmith shop and his mother is a housewife. This young entrepreneur started out working with his father in the shop and he got to know many people when he saw the opportunity to set up his own car wash business, given the number of vehicles that passed daily through the region. He started out this business 3 years ago and space where his business is established belongs to his father.

He started out his business with his own funds and for the first time he is requesting a loan. The loan will be used to purchase vehicle accessories (oils, car fresheners, etc.) and to repair his steam cleaning machine. The business is managed by himself and by his brother. They open their business at 6:00 in the morning and the finish at 6:00 in the evening. The location of the business is appropriate because it is found on a coastal road and the flux of vehicles is very good. There is only one other car wash in the region. Young Saul's goal is to attend to a larger number of clients and to provide complementary services such as the sale of accessories. Currently people only come to wash their car and they go to the other business (the competition) to buy their accessories. The other limiting factor is that he can only do the body wash. He doesn't have a steam cleaner so he cannot wash the motors and this represents is a loss of income.

His plans for the future for this young entrepreneur are to: strengthen his business with better tools and to expand his service to include a vehicle repair shop. He also wants to start preparing himself financially and to buy home appliances to get married and to live in a dignified way. Finally, his long-term dream is to have a house and to form a successful family in his society.
View original language description ↓
Saúl tiene 19 años de edad, es soltero y vive con sus padres. A raíz de las limitantes económicas de sus padres, él no tuvo la oportunidad de seguir estudiando quedándose nada mas con un nivel educativo básico. Tiene 2 hermanos uno mayor y otro menor. Su padre es propietario de un taller de estructuras metálicas y su madre es ama de casa. Este joven emprendedor trabajó con su padre en el taller y se relacionaba con muchas personas y vio la oportunidad de independizarse poniendo su propio negocio “LAVADO DE VEHICULO” debido a la cantidad de vehículos que circulan a diario por la zona, esta actividad la inicio desde hace 3 años y el local donde está el establecimiento es de su papa.
El negocio lo inicio con fondos propios y por primera vez está teniendo la experiencia de solicitar un préstamo. El crédito será utilizado para la compra de accesoria para vehículos (aceites, aromatizantes,etc) y también para reparar la máquina de lavado a vapor. El negocio es manejado por él y su hermano, las actividades las inician a las 6.00 de la mañana y la finalizan a las 6 de la tarde; la ubicación del negocio está apropiada ya que se encuentra sobre la carretera litoral y el flujo de vehículos es muy bueno y en la zona solo hay otro CAR WASH. La proyección de Saúl es atender mayor número de clientes y brindar un servicio complementario como es la venta de accesorios, resulta que actualmente las personas solo llegan a lavar su vehículo y se van al otro negocio (competencia) a comprar sus accesorios y la otra limitante que tiene es que solo lava carrocerías, ya que por no tener la lavadora a vapor no puede lavar motores y eso le resta ingresos.
Los planes para el futuro de saul son: Fortalecer su negocio con mayor equipo y ampliar el servicio a un taller de reparación de vehículos, también irse preparando económicamente y comprar sus electrodomésticos para casarse y vivir dignamente. Finalmente tiene su sueño a largo plazo de su casa y formar una familia de éxito en la sociedad.

Additional Information

About CrediCampo

This loan is administered by CrediCampo, a Kiva Field Partner in El Salvador. CrediCampo seeks to improve the lives of rural communities and their families in areas including health, education, basic services, and infrastructure. Through its Community Development Unit, CrediCampo provides scholarships, leadership development training, and financial education programs for families in rural areas. CrediCampo’s work is crucial in addressing the issue of poverty in El Salvador. Based on 2009 estimates, 37.8% of the population lives below the poverty line. To learn more about CrediCampo and their work, visit their partner page.

About El Salvador

  • $4,900
    Average annual income
  • 643
    View loans »
    El Salvador Loans Fundraising
  • $24,246,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $550 helped Saul Alexander to purchase car accessories such as oils and air fresheners and to purchase a steam cleaning machine.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2011
Listed
Nov 1, 2011
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013