Check out some available loans that are similar to this one!
Oscar Armando
Don Oscar, 60 years old, lives with his wife and children. He lives in his own home. He has worked for 15 years as a farmer and has crops of corn and sorghum. He is requesting a loan to improve his home since he has only a part of it constructed and wants to finish the construction so that he and his family can live more comfortably and peacefully.
View original language description ↓
don oscar de 60 años de edad vive con su esposa y sus hijos, vive en casa propia, tiene 15 años de trabajar como agricultor y tiene cultivos de maiz y maicillo, esta solicitando un credito para mejorar su vivienda, ya que tiene construida solo una parte de ella y quiere terminarla de construir para que el y su familia puedan vivir mas comodos y tranquilos.

Additional Information

More information about this loan

This loan is a special product offered by Apoyo Integral to help impoverished individuals in El Salvador make improvements to their homes, so as to offer safer and healthier living conditions to their families. These are individual loans for which the Field Partner has significantly lowered their guarantee standards because
the borrower is grouped with other Apoyo clients in a solidarity agreementNormally, families at certain income levels are not eligible for housing loans. However, since group members are cross guaranteeing one another, Apoyo Integral has decided to fund these loans. Further, the field partner is working through local community development organizations to not only determine which families are the best candidates for the loans but also to offer technical assistance and education for loan recipients covering topics such as financial education, proper hygiene and sanitation, and efficient use of electricity.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About El Salvador

  • $7,500
    Average annual income
  • 756
    View loans »
    El Salvador Loans Fundraising
  • $25,574,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Oscar Armando to improve his home.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 27, 2013
Listed
Mar 8, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014