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Juan Antonio
Juan, who is 53 years old, lives in his own house along with his life companion and their three children, ages 6 months, 3, and 7. For him, the most important thing is that his family have good living conditions, since they are the most important thing he has in life. Juan works in repairing bicycles and building metal structures. This business is his principle source of income, allowing him to bring daily sustenance to his household. He wants to make some improvements in his residence such as plastering the walls, cementing the floor, and installing electrical service, since he wants to give his children better conditions for their development. For these reasons, he is applying to FUSAI to invest in the purchase of sand, cement, and gravel and the installation of electrical service.
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Juan de 53 años de edad habita en casa propia junto a su compañera de vida y sus tres hijos de 6 meses, 3 años y de 7 años de edad. Para él lo más importante es que su familia se encuentre en buenas condiciones ya que es lo más importante que tiene en la vida. Juan se dedica a la reparación de bicicletas y la construcción de estructuras metálicas, este negocio es su principal fuente de ingresos permitiéndole llevar el sustento diario a su hogar. Desea hacer algunas mejoras en su vivienda tales como repellar las paredes, encementar el piso e instalar la energía eléctrica ya que desea dar a sus hijos mejores condiciones para su desarrollo. Por lo anterior solicita este crédito a FUSAI para invertir en la compra de arena, cemento, grava e instalación de la energía eléctrica.

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.

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About El Salvador

  • $4,900
    Average annual income
  • 641
    View loans »
    El Salvador Loans Fundraising
  • $25,043,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $350 helped Juan Antonio to buy sand, cement, and gravel and install electrical service.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2013
Listed
Nov 25, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 20, 2015