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Ricardo Ernesto
Ricardo is 33 years old and lives with his wife and three children, ages 3, 12, and 13. His family is most important to him, so he works hard to bring home the bacon. Riardo is mainly a farmer and raises vegetables and fruits. He also works as a mason, having learned this when he was very young and now it allows him to have better work opportunities. He wants to finish building a small house that he started a few months ago, but was not able to finish due to a lack of resources. He is asking for this loan, through FUSAI, to buy galvanized metal, lumber, sand, and cement to finish his house so he and his family can move as soon a possible.
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Ricardo de 33 años de edad habita junto a su esposa y sus tres hijos de 3 años, 12 años y 13 años de edad. Para él lo más importante es su querida familia, y es por eso que trabaja muy duro para llevar el pan de cada día a su hogar. Ricardo se dedica a la agricultura principalmente a la siembra de hortalizas y frutas. Además, también hace trabajos de albañilería ya que muy joven aprendió dicho oficio el cual ahora en día le permite tener mayores oportunidades de trabajo. Su deseo es terminar una pequeña casa que comenzó a construir hace algunos meses y que por falta de recursos económicos no logró terminar. Solicita este crédito a FUSAI para invertir en la compra de lámina galvanizada, madera, arena y cemento para terminar su vivienda y mudarse lo antes posible junto con su 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.


About El Salvador

  • $7,500
    Average annual income
  • 610
    View loans »
    El Salvador Loans Fundraising
  • $28,040,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Ricardo Ernesto to buy building materials.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 15, 2013
Nov 26, 2013
Currency Exchange Loss:
Mar 26, 2015