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Faustino
Faustino is 29 years old and lives with his parents in a home of his own. He sells watermelon and has a good quality product after having had this business for 15 years. His earnings allow him to cover his household expenses. Faustino is asking for a loan in order to buy watermelon in quantity because he has many customers. He sells at prices considered to be good and in this way he will have better earnings and a better quality of life with his parents.
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Faustino de 29 años de edad vive con sus padres en casa propia, el cliente se dedica a la venta de sandia, tiene buena demanda de su producto ya que tiene 15 años de tener el negocio, con las ganancias que obtiene de sus ventas logra cubrir algunos gastos de su hogar, Faustino solicita un credito para la compra de sandias por mayor ya que tiene mucha clientela porque las vende a un precio considerado y asi el obtendra mejores ganancias para tener un mejor vida con sus padres.

Additional Information

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 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

  • $4,900
    Average annual income
  • 663
    View loans »
    El Salvador Loans Fundraising
  • $22,070,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Faustino to buy watermelon.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2013
Listed
May 10, 2013
Currency Exchange Loss:
N/A
Ended:
May 18, 2014