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Juan Francisco
Juan, who is 57 years old, lives in the home he owns alongside his 23-year-old daughter and his two little granddaughters, who are ages nine and three. He has worked as a farmer his whole life and that is how he supports his household. Juan is a responsible man who has managed to provide for his family with lots of effort. In order to improve his housing situation he has decided to start building his house, since where he is currently living is deteriorated. He thinks it best to start building a new house on his same plot of land.

He is requesting this loan from FUSAI to invest in purchasing corrugated sheet metal, wood, nails, and beams, since he does not have enough capital for such an expenditure, but he does have the ability to pay off the debt such a loan implies.
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Juan de 57 años de edad habita en casa de su propiedad junto a su hija de 23 años de edad y sus dos pequeñas nietas de 9 y 3 años de edad. Toda su vida ha trabajado como agricultor y es así como logra llevar el sustento a su hogar. Juan es un hombre responsable que con mucho esfuerzo ha logrado sacar adelante a su familia. Con el fin de mejorar sus condiciones habitacionales ha tomado la decisión de comenzar a construir su casa ya que donde habita actualmente está deteriorada y piensa que es mejor comenzar a construir una nueva dentro de su mismo terreno. Solicita este préstamo a FUSAI para invertir en la compra de lámina galvanizada, madera, clavos y polines ya que no cuenta con el capital para hacer el desembolso pero si con la capacidad para cancelar las cuotas que dicho préstamo implica.

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
  • 692
    View loans »
    El Salvador Loans Fundraising
  • $25,086,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Juan Francisco to buy corrugated sheet metal, wood, nails, and beams to build a small house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2013
Listed
Nov 13, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014