He has been a farmer for several years; he grows corn and beans. Also, when it is not harvesting time he buys and sells wood. With the sales from his harvest and from the wood he manages to cover the household expenses and his family’s other basic expenses.
Hugo is requesting a loan that will allow him to buy agricultural supplies like seeds, insecticides, and manure, among other things. He will also use the loan to be able to rent the land, which is shown in the photograph, where he grows his crops. This way he will be able to get better income in order to give his family better financial stability.
More information about this loan
This loan is part of Apoyo Integral's program to help subsistence farmers located in high-risk regions of El Salvador, including coastal strips, river banks, and volcano fault lines. The program, which offers reduced interest rates, targets farmers who don't qualify for formal funding due to their low-income and geographical risk. By funding this loan, you are helping Apoyo and a local non-governmental organization extend risk-tolerant credit to even more farmers.
About Apoyo IntegralApoyo 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.
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Success!! The loan was 100% repaid