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Jose Gregorio
José is 52 years old and lives in his home on his own property with his spouse and their three children aged 10, 6 and 3 years old. Since he was young, he has learned the masonry trade, from which he receives most of his earnings. Many people trust in his work because he is a responsible, honest and hard-working man. With a great amount of effort, he has been able to build his house, which is very simple but his own.

He hopes to make some improvements to his home because with time and a lack of maintenance, his roof and floor have become damaged. He is requesting this loan from FUSAI to invest in the purchase of cement, gravel and galvanized metal sheeting to make these improvements as soon as he can.
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José de 52 años de edad habita en casa de su propiedad junto a su compañera de vida y sus tres hijos de 10 años, 6 años y 3 años de edad. Desde muy pequeño aprendió el oficio de albañilería lo cual es su principal fuente de ingresos. Muchas personas confían en su trabajo ya que él es un hombre responsable, honesto y trabajador. Con mucho esfuerzo ha logrado construir su casa la cual es muy sencilla pero propia. Desea mejorar algunas partes de la vivienda ya que con el tiempo y la falta de mantenimiento han dañado el techo y el piso. Solicita este crédito a FUSAI para invertir en la compra de cemento, arena y lámina galvanizada para hacer las mejoras lo antes posible.

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

  • $7,500
    Average annual income
  • 782
    View loans »
    El Salvador Loans Fundraising
  • $25,635,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Jose Gregorio to buy cement, gravel, and galvanized metal sheets to repair his home's roof and floor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2013
Listed
Nov 14, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 20, 2014