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Tito Balmore
Tito Balmore is 24 years old and lives with his 56 year old mother in her home. Her mother helps out with the household expenses, as she receives remittances every month. Tito did not have the opportunity to finish his education so he decided to learn the trade of stylist, which allows him to earn an honest living. He started his beauty salon in his home a few years ago. He provides various services including cuts, tints, makeup, washes, presses, etc. Many people prefer him because he provides good service at good prices. The most important thing for Tito is that his customers leave satisfied with their services. This business allows him to earn a living because he doesn’t have another source of income.

He has decided to expand his beauty salon and buy tints, chemicals, and cosmetics, now that he is getting more customer demands and wants to provide better service. He decided to request a loan through INTEGRAL since he doesn’t have the money to make this investment. He expects that through his work and this loan, he will be able to increase his business and be able to repay the loan and also improve his family’s financial situation.
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Tito Balmore, tiene 24 años de edad y habita junto a su madre de 56 años en casa de su propiedad. Su madre le ayuda con los gastos del hogar, dado que mensualmente recibe remesas. Tito no tuvo la oportunidad de terminar sus estudios, razón por la cual opto por aprender el oficio de estilista, lo que le permite ganarse la vida honradamente. Es así como hace algunos años comenzó con un salón de belleza en su hogar de habitación. Realiza variedad de funciones como: cortes, tintes, maquillaje, lavados, planchados, etc. Muchas personas lo prefieren ya que en su negocio encuentran buen servicio y buenos precios. Para Tito lo más importante es que sus clientes se vayan satisfechos con el servicio que reciben. Este negocio es el que le permite ganarse la vida ya que no cuenta con otra fuente de ingresos. Para incrementar el movimiento de su salón de belleza ha tomado la decisión de invertir en la compra de tintes, químicos, cosméticos, ya que así lo esta demandando su clientela, y así ofrecer un mejor servicio. Dado que no cuenta con los recursos económicos, decidió solicitar este préstamo a INTEGRAL para hacer dicha inversión. Prevé que con su trabajo y la ayuda de esta institución podrá mejorar el movimiento de negocio mismo que brindará lo necesario para cancelar la obligación por asumir y además mejorar su situación económica y la de su familia.

Additional Information

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 El Salvador

  • $7,500
    Average annual income
  • 810
    View loans »
    El Salvador Loans Fundraising
  • $25,695,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Tito Balmore to buy supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2012
Listed
Jun 2, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 18, 2013