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Mauricio Alejandro
Mauricio Alejandro is fifty years old. He lives with his life's companion in his own house. He is a bricklayer and also sells vegetables. His wife helps him with the business. They are very united and between the two of them they are able to get ahead. Mauricio is a man who is dedicated to his work, very responsible and above all humble. He likes to take advantage of all of the opportunities that come his way. Now he wants to make some repairs on his house. The doors are very deteriorated and it has become unsafe for the family. He needs to buy two new wrought iron doors but he doesn't have capital to back him up. He decided to ask FUSAI for a loan that will allow him to buy the doors, since he can't cover the expenses himself. Mauricio Antonio is very happy and grateful with the help and sure he can pay off the debt.
View original language description ↓
Mauricio Alejandro de cincuenta y seis años de edad vive junto a su compañera de vida en casa propia. Él es albañil y además vende verduras, su esposa le ayuda con el negocio, son muy unidos, entre los dos han logrado salir adelante, Mauricio es un hombre entregado a su labor, muy responsable y sobre todo humilde, le gusta aprovechar todas las oportunidades que se le presentan, ahora quiere realizar algunas reparaciones en su vivienda las puertas están muy deterioradas y se ha vuelto inseguro para la familia, necesita comprar dos puertas nuevas de hierro pero no posee de capital que lo respalde, se decidió solicitarle a FUSAI un crédito que le permita comprar las puertas, ya que el solo no puede cubrir los gastos. Mauricio Antonio está muy contento y agradecido con la ayuda y asegura que podrá saldar toda 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

  • $7,500
    Average annual income
  • 782
    View loans »
    El Salvador Loans Fundraising
  • $25,654,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $500 helped Mauricio Alejandro to buy and install two wrought iron gates.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 3, 2013
Listed
Sep 6, 2013
Currency Exchange Loss:
N/A
Expired:
Oct 6, 2013