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Javier Alexander
Javier is a very hard working young man who works in construction. He lives with his life partner and their little boy, who is one year old. Since thy live in Javier's family's house, he has built a small shed in order to live separately. He wants to build a partition wall there, which is why he is requesting a loan from FUSAI, so that he can have the money to buy bricks, cement, and sand, and make his small space a home.
View original language description ↓
Javier es un joven muy trabajador quien se dedica a la albañilería, vive junto a su compañera de vida y junto a su pequeño hijo de un año de edad. Debido a que viven en la casa de la familia de Javier, él ha construido una pequeña galera para vivir aparte, en donde desea construir un muro de división, es por esto que solicita un préstamo a FUSAI, para poder contar con el dinero necesario para comprar ladrillos, cemento y arena y de este modo contar con su pequeño espacio como su casa.

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.

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About El Salvador

  • $4,900
    Average annual income
  • 688
    View loans »
    El Salvador Loans Fundraising
  • $25,077,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Javier Alexander 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 9, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013