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Carlos Alberto
Carlos Alberto is a 42-year old man who lives with his life partner (39 years old), his 1 year-old son and his 16-year old daughter. He works as an automotive mechanic and also sells basic grains, such as corn and beans, to generate additional income. He has several years of experience, which has allowed him to bring home the bacon every day.

Carlos is a hard-working man and wants his family to have the best possible quality of life in a safe house. He wants to finish an extra room that is incomplete and needs walls, windows, ceiling, floor and a door. However, he does not have enough capital to invest, which is why he is requesting a loan to FUSAI to buy cement, sand, bricks for the floor, windows, layers and steel bars, among others. Carlos has good payment references, has committed to settle his debt and is very grateful for the support provided.
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Carlos Alberto de cuarenta y dos años de edad vive junto a su compañera de vida de 39 años, su hijo de 1 año y una hija de 16 años en casa propia, él es mecánico automotriz y además para complementar gastos vende granos básicos, maíz y frijol, tiene varios años de experiencia en su labor y eso le ha dado la oportunidad de llevar el pan de cada día a su hogar; Carlos es un hombre entregado a su trabajo, desea que los miembros de su familia vivan en mejores condiciones, en un hogar seguro y un poco más amplio, quiere continuar la construcción de un cuarto que dejó incompleto necesita terminar las paredes, poner ventanas, techo, puerta y piso hasta donde alcance, quiere realizarlo lo más pronto posible pero no posee de capital suficiente que abarque los costos de los materiales, por eso le solicita a FUSAI un crédito que le permita comprar cemento, arena, ladrillo para piso, ventanas, lamina, polines, entre otros. Carlos tiene buenas referencias de pago, se hace responsable de cancelar la deuda y está muy 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
  • 460
    View loans »
    El Salvador Loans Fundraising
  • $23,140,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Carlos Alberto to buy cement, sand, bricks for the floor, windows, layers and steel bars.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2013
Listed
Sep 5, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013