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Fredesvindo is 49 years old, lives in his own house along with his family - his wife and three children ages 19, 24, and 26 years of age. He is a man of vision and he likes to work hard and earn a living honorably. He sells French bread and tamales (a corn masa filled with chicken). From the moment he gets up he tries to have everything that's needed ready for his afternoon sales. He has always had dreams of improving his home so he approached FUSAI in order to buy the galvanized laminate, pins, and other construction materials with the goal of repairing the roof of his humble home as it is very deteriorated and pierced from the smoke of his kitchen. In addition the rains have begun to affect them, filtering through the roof and ruining his few belongings.
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Fredesvindo de 49 años de edad, habita en casa de su propiedad junto a su familia su esposa y tres hijos de 19 años, 24 años 26 años de edad. Es un hombre muy visionari0 que le gusta desempeñarse y ganarse la vida honradamente. Se dedica a la labor de vender pan francés y tamales (masa de maiz relleno de carne de pollo), Desde que se levanta trata de dejar todo listo y necesario para ya en la tarde tener lista su venta. Siempre con deseos de mejorar su vivienda se acercó a FUSAI para la compra de lámina galvanizada, pines, polines y otros materiales de construcción con el fin de reparar el techo de su humilde vivienda pues la que tienen está muy deteriorada y picada por el humo de la cocina, además las lluvias ya han comenzado a afectarles filtrándose el agua y está arruinando sus pocas pertenencias

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.


About El Salvador

  • $7,500
    Average annual income
  • 611
    View loans »
    El Salvador Loans Fundraising
  • $28,030,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Fredesvindo to buy galvanized laminate, pins, and other construction materials to repair the roof of his humble home.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 20, 2013
Sep 26, 2013
Currency Exchange Loss:
Nov 17, 2013