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Jose Alvaro
José is a 39 year old man who has lived in his own house for 6 years with his life partner and their two children aged 9 and 13 years. For him the family is the most important thing and for this reason he works hard to find better opportunities for development. Four years ago José and his partner installed a small shop in their home and this has been their main source of income.

José wants to improve the facilities in his shop. As can be seen in the photo there is no passageway and this inconveniences customers when it is sunny or raining. He is asking for this loan from FUSAI to buy galvanised metal sheets, wood and beams to build the passageway which he really needs.
View original language description ↓

José es un hombre de 39 años de edad quien reside en casa propia desde hace 6 años junto a su compañera de vida y sus dos hijos de 9 y 13 años de edad. Para él lo más importante es su familia y es por ella que se esfuerza por buscar mejores oportunidades de crecimiento. Desde hace 4 años junto a su compañera de vida lograron adecuar una pequeña tienda en su lugar de residencia la cual ha sido su principal fuente de ingresos. Su deseo es mejorar las instalaciones de su tienda ya que como se muestra en la fotografía no cuenta con un corredor y esto incomoda a los clientes cuando llueve o hace sol. Solicita este crédito a FUSAI para invertir en la compra de lámina galvanizada, madera y polines para hacer el corredor que tanta falta le hace.

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
  • 571
    View loans »
    El Salvador Loans Fundraising
  • $23,939,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $700 helped Jose Alvaro to buy galvanised metal sheets, wood and beams for building a passageway.
93% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2013
Listed
Nov 15, 2013
Currency Exchange Loss:
N/A