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Marvin Jhonatan
Marvin is twenty-three years old and is single. He lives in a house that he owns together with his relatives. He is a hardworking young man and has been working the land since he was very young.

Every year, he plants corn, beans, pumpkins, oranges, etc. He is able to contribute to home expenses since he sells some of the products that he grows; he also keeps some of the foods for consumption.

His house is very basic, but it is his own. With the hope of making the home more secure and safe for his family, Marvin is requesting this loan from FUSAI. He hopes to invest in the purchase of sand, cement, gravel, iron bars, and bricks to build a surrounding wall that will also retain water that gathers under the house when it rains. He hopes to be able to count on this support, making it possible to build a wall and thereby offer improved security to his home and family.
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Marvin de 23 años de edad es soltero y habita en casa propia junto a su grupo familiar. Él es un joven trabajador ya que desde muy joven se dedica al cultivo de la tierra. Todos los años siembra maíz, frijoles, ayotes, naranjas, etc. De esta forma colabora con la economía del hogar ya que parte de los cultivos los pone a la venta y la otra parte la deja para el consumo. Su casa es muy humilde pero propia y con el fin de dar mayor seguridad habitacional a su familia solicita este crédito a FUSAI para invertir en la compra de arena, cemento, grava, hierro y ladrillo para construir un muro perimetral que le permita retener el agua que baja a su casa cuando llueve. Espera poder contar con este apoyo lo antes posible para construir el muro que tanta falta le hace y así dar seguridad a su vivienda y familia.

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.

Tags

About El Salvador

  • $4,900
    Average annual income
  • 604
    View loans »
    El Salvador Loans Fundraising
  • $23,544,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Marvin Jhonatan to buy sand, cement, gravel, iron bars, and bricks to build a wall around his house for increased security.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 11, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 20, 2014