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Rogelio Efigenio
Rogelio, 49, lives with his common-law wife and their five children in their own home where they have been for three years. He is a farmer who grows corn and chili peppers which he sells in different places in the area. He is an entrepreneur who is dedicated to his work and family. Rogelio is always looking for ways to give his family what they need. He wants to add more space at home and has decided to build a hall along the front of the house as well as as a wall to keep out the water that gets in when it rains.

He wants to start the work as soon as possible but does not have the money to do so. Therefore, he is requesting a loan through FUSAI to buy bricks, cement, sand and other materials.

Rogelio is very grateful for the support and committed to paying back the loan.
View original language description ↓
Rogelio de cuarenta y nueve años de edad vive junto a su compañero de vida y sus cinco hijos en casa propia desde hace tres años. El es agricultor siembra maíz y pipián comercia en diferentes lugares de la zona, es un hombre emprendedor, dedicado a su trabajo y a su familia. Rogelio siempre ha buscado en la medida de sus posibilidades darles lo que necesitan por eso para tener un poco de mas espacio en el hogar decidió hacer un corredor al frente de la casa además quiere construir una pared ya que se le mete el agua cada vez que llueve, desea empezar el trabajo lo más pronto posible pero debido a su condición económica no posee de capital que lo respalde por eso le solicita a FUSAI un crédito que le permita comprar, ladrillo, piso, cemento, arena, entre otros. Rogelio está muy contento con la ayuda y se siente comprometido a cancelar la deuda.

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
  • 631
    View loans »
    El Salvador Loans Fundraising
  • $24,091,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Rogelio Efigenio to buy bricks, cement, and sand to build a wall.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 3, 2013
Listed
Sep 6, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013