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Elmer Adolfo
Elmer Adolfo is 28 years old and lives with his wife and son. He makes ladies’ and men’s shoes, and for additional income he works as a mason. He has many years of work experience, and that’s allowed him to put food on the table every day. He has lots of customers, and people prefer to buy from him because he makes attractive shoes. Elmer is a man who’s committed to his work.

He wants everyone in his family to have better living conditions and a home that’s more secure and clean. He wants to cement a room in the house and instill a ceramic floor. He’d like to do this as soon as possible, but he doesn’t have enough money to cover the cost of the materials. For that reason, he’s asking for a loan from FUSAI to buy cement, sand, and ceramic flooring. Elmer Adolfo has good financial references and is responsible in repaying debt. He is thankful for the help.
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Elmer Adolfo de veintiocho años de edad vive junto a su compañera de vida y su hijo, él se dedica a la venta de zapatos para dama y caballero, además para complementar gastos labora de albañil, tiene varios años de experiencia en su labor y eso le ha dado la oportunidad de ganarse el pan de cada día, ya tiene mucha clientela pues las personas lo prefieren porque elabora bonitos zapatos; Elmer es un hombre entregado a su labor, desea que todos vivan en mejores condiciones y en un hogar seguro y más limpio; quiere encementar un cuarto de su vivienda y poner piso cerámico necesita realizarlo lo más pronto posible pero no posee del capital suficiente que abarque los costos de los materiales, por eso le solicita a FUSAI un crédito que le permita comprar cemento,arena y piso cerámico, arena. Elmer Adolfo tiene buenas referencias de pago y se hace responsable de cancelar la deuda, esta agradecido con la ayuda.

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.

Tags

About El Salvador

  • $4,900
    Average annual income
  • 431
    View loans »
    El Salvador Loans Fundraising
  • $22,757,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $500 helped Elmer Adolfo to buy cement, sand, and ceramic flooring.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 25, 2013
Listed
Aug 31, 2013
Currency Exchange Loss:
N/A
Expired:
Sep 30, 2013