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Silvio Euclides
Silvio Euclides, 38, lives with his life partner and his three children, ages 18, 9, and 4. He makes a living selling handicrafts of clay and palm leaves. He also sells delicious sorbets.

Silvio has done this job for many years and gained a lot of experience in commerce, which has allowed him to support himself in the business. He has steady customers who prefer him because of the quality of his products and the good prices as well as his incomparable service; he's always ready to help the customers.

Silvio's responsible and very perseverant. He's always looking for the best alternatives so he can get ahead. He's dedicated to his job and to his entire family, because he wants to give them a decent life.

Silvio needs to improve his house with bars on the windows and doors for his children's security. Silvio doesn't have the capital to support this, though, so he decided to ask FUSAI for a loan to buy the doors and the bars for the windows.

Silvio Euclides has a good payment record and is happy to have the help. He's certain he'll be able to pay back the debt by the established deadline.
View original language description ↓
Silvio Euclides de treinta y ocho años de edad vive junto a su compañera de vida y sus tres hijos uno de 18 años, uno de nueve y uno de cuatro; Él se dedica a la venta de artesanías, de barro, petate, arcilla entre otros además vende ricos sorbetes, tiene muchos años en su labor y ha ganado mucha experiencia en el comercio que le ha permitido mantenerse en el negocio, ya tiene clientela fija que lo prefieren por la calidad del producto y los buenos precios además del servicio inigualable siempre a la orden del cliente, Silvio es responsable y muy luchador siempre esta buscando las mejores alternativas que le permitan salir adelante; es un hombre dedicado a su trabajo y a toda su familia porque quiere ofrecerles una vida digna, necesita mejorar la vivienda poner balcones a las ventanas y puertas para mayor seguridad de sus hijos, pero Silvio no cuenta con capital que lo respalde por eso se decidió a solicitarle a FUSAI un crédito que le permita comprar las defensas para las ventanas y comprar las puertas. Silvio Euclides tiene buenas referencias de pago y esta feliz con la ayuda, asegura que podrá saldar la deuda en el periodo establecido.

Additional Information

More information about this loan

This loan will be administered by FUSAI (Salvadoran Foundation for Comprehensive Development), a Salvadoran NGO that owns Kiva partner Apoyo Integral. FUSAI will disburse this loan in order to reach a population that doesn't currently work with Apoyo Integral. This type of loan covers basic services (like housing and water), and supports small business and agricultural activities. Borrowers come from low-income families in rural and peri-urban communities, and are considered to be too poor or lack the proper guarantees to get credit through traditional banks or microfinance institutions. Before receiving their loans, they are vetted by local community organizations and enrolled in classes in financial literacy, and the importance of sanitation, potable water and clean energy. Additionally, FUSAI enables borrowers to guarantee one another and take out loans smaller than El Salvador's average. Important to note is El Salvador is considered one of the most dangerous countries in the world, holding the 2nd place in the ranking of murders per capita. All these FUSAI borrowers live in areas considered by the police as highly violent and dangerous, mainly because of gangs influence. Main risks they face in these areas are thefts, extortions, kidnappings and murders.

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
  • 755
    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 $500 helped Silvio Euclides to buy doors and security bars.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 25, 2013
Listed
Aug 30, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013