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Jose Omar

Update on Jose Omar

Jose is 38 years old and lives with his wife and daughter. He sells fruits and vegetables such as potatoes, oranges, tomatoes, onion, chilies, papayas, chayote, etc. He has been in this business for 5 years. This gives him lots of experience in sales and allows him to maximize his profits. The place where he sells is very strategic for his business and is very busy. He has lots of clients who prefer him. His product is fresh, well-priced, of good quality and comes with good service.

Jose is requesting a loan from INTEGRAL which will allow him to improve his house as what he makes will not cover the cost of doing this. He wants to do some work on the plot where his house is and to add a few rooms so that his family can live in comfort. For this reason he is asking for a loan to buy sand, cement, bricks, etc. He is very pleased with the support and promises to pay off his debt.
View original language description ↓
Jose de 38 años de edad vive con su esposa y su hija, él se dedica a la venta de frutas y verduras: papas, naranjas, tomates, cebollas, chiles, papayas, güisquiles, entre otros, tiene 5 años con el negocio y eso le ha regalado mucha experiencia en las ventas que le permite obtener las mejores ganancias, el lugar donde comercia es muy estratégico para la actividad y además muy concurrido de personas, ya tiene mucha clientela que lo prefieren porque su producto es fresco, a buen precio, de calidad y con un excelente servicio; él esta solicitando a INTEGRAL un crédito que le permita poder mejorar su vivienda ya que con lo que gana no le alcanza para poder realizarlo, él quiere mejorar el terreno donde tiene su vivienda y poder construir unos cuartos para qué puedan vivir más cómodos toda la familia, por esa razon solicita el creito para comprar arena, cemento, ladrillos, etc. él esta agradecido con el apoyo y asegura que podrá saldar la deuda.

Previous Loan Details

Jose, who is 38 years old, lives in his own home with his wife and daughter. He has been a fruit and vegetables vendor for five years, during which he has gained the necessary experience to run his own business. He sells his products at the market near his home. He has a large customer base becau... More from Jose Omar's previous loan »

Additional Information

More information about this loan

This loan is a special product offered by Apoyo Integral to help impoverished individuals in El Salvador make improvements to their homes, so as to offer safer and healthier living conditions to their families. These are individual loans for which the Field Partner has significantly lowered their guarantee standards because
the borrower is grouped with other Apoyo clients in a solidarity agreementNormally, families at certain income levels are not eligible for housing loans. However, since group members are cross guaranteeing one another, Apoyo Integral has decided to fund these loans. Further, the field partner is working through local community development organizations to not only determine which families are the best candidates for the loans but also to offer technical assistance and education for loan recipients covering topics such as financial education, proper hygiene and sanitation, and efficient use of electricity.

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 714
    View loans »
    El Salvador Loans Fundraising
  • $26,086,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Jose Omar to buy sand, cement, bricks, etc.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 2, 2013
Listed
Nov 6, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2015