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Abelardo is originally from El Salvador and arrived in the United States in 1993. In El Salvador, Abelardo owned a refreshments distribution company, and his wife, Luz, worked in a store as a clerk. They have four children, two older and two younger.

In 1998, Abelardo started working informally on various construction projects, specializing in drywall. After some initial success, he continued to work on small projects until he obtained the necessary licenses to register his small business, Abero Construction Inc., in 2006.

After losing his home to foreclosure in 2008, Abelardo has worked hard to bounce back. Because of his 12 years of work in the industry, he used his network to obtain multiple contracts, usually as a subcontractor of a larger construction company. His business is now profitable, in part because he adapted his business model to only accept positions as lead contractor.

Abelardo's Kiva loan will be used to support him with working capital to cover the daily expenses of his growing construction business and strengthen his business credit. Over the next six years, he hopes to double his profits and access more government contracts.

Additional Information

More information about this loan

This loan is part of the Kiva City D.C. initiative in partnership with LEDC (Latino Economic Development Center). Kiva City D.C. is a subset of Kiva City, a program that allows Kiva lenders to make microloans to small businesses in the United States with the help of community organizations and U.S. Field Partners.  

About Latino Economic Development Center:

Latino Economic Development Center (LEDC) is a community-based nonprofit that equips Latinos and other DC-area residents with the skills and financial tools to create a better future for their families and communities. Participants in our programs learn how to buy and stay in their homes, join with their neighbors to keep their rental housing affordable, and start or expand small businesses.

Kiva lenders’ funds are used to help LEDC support even more small businesses in low- and moderate-income communities in Washington, D.C. The funds are used to ease loan requirements, including decreasing collateral, interest rates and fees associated with loan disbursement. With Kiva capital, LEDC reaches out to borrowers that may not have met all of LEDC’s existing criteria, allowing the organization to grow its lending operations through its new subsidiary the Community Asset Fund for Entrepreneurs.

About United States

  • $54,800
    Average annual income
  • 14
    View loans »
    United States Loans Fundraising
  • $12,447,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD