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Jesus
Jesús is 58 years old and lives in a house he owns together with his wife, their 19-year-old daughter and their 16-year-old son. He is very hard-working and admirable; in spite of his age he seeks ways to bring his family better opportunities for a good life. He makes a living from agriculture, primarily the cultivation of corn, beans and sorghum.

In order to improve their housing conditions, he is asking for this loan from FUSAI to invest in the construction of a small room in his house. With the loan, he will buy brick, cement, sand, gravel and iron. He hopes to be able to count on this support, as providing his family with better living conditions is his most important goal.
View original language description ↓

Jesús de 58 años de edad habita en casa propia junto con su esposa y su hija de 19 años y su hijo de 16 años de edad. Es muy trabajador y admirable ya que a pesar de su edad busca las formas de llevar a su familia mejores oportunidades de vida. Se dedica a la agricultura principalmente al cultivo de maíz, frijol y maicillo. Con el fin de mejorar sus condiciones habitacionales solicita este crédito a FUSAI para invertir en la construcción de un pequeño cuarto en su vivienda. Con el crédito comprará ladrillo, cemento, arena, grava y hierro. Espera poder contar con este apoyo ya que para él lo más importante es que su familia cuente con mejores condiciones de vida.

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
  • 720
    View loans »
    El Salvador Loans Fundraising
  • $26,296,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Jesus to buy brick, cement, sand, gravel and iron to build a room.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 20, 2015