Heriberto works in agriculture and is an employee of a property close to his community since 19 years back. His main asset is his house, which he has put a lot of effort into building. He hopes to improve little by little, and is requesting this loan from FUSAI in order to build another room in his house. He will buy iron, brick, cement, corrugated steel, sand, and gravel.
He hopes that he will be able to count on this support so that he can give his family better living conditions.
Heriberto de 44 años de edad habita en casa propia junto a su esposa y sus hijos de 15 años y 8 años y una hija de 13 años de edad. Para él y para su esposa lo más importante es que sus hijos estudien y puedan sacar una carrera que les permita tener mejores condiciones de vida. Heriberto es agricultor y desde hace 19 años trabaja como empleado en una finca cerca de su comunidad. Su principal patrimonio es su saca que con mucho esfuerzo ha logrado construir y desea mejorar poco a poco. Solicita este crédito a FUSAI para invertir en la construcción de un cuarto dentro de su vivienda para lo cual comprará hierro, ladrillo, cemento, lámina, arena y grava. Espera poder contar con este apoyo y poder dar a su familia mejor condición habitacional.
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 IntegralApoyo 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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