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Benito
At age 65, Benito is a very active man who earns a living by working as a laborer and mason. His family is most important to him and he works to provide daily support. He was able to begin making repairs to his house with lots of sacrifice, because the roof and walls were in bad shape. He was not able to finish due to lack of sufficient income, so he is asking for a loan through FUSAI, so he can buy galvanized metal and lumber so he can fix the roof and provide his loving family with better living conditions.
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Con 65 años de edad Benito es un hombre muy activo quien se gana la vida trabajando como jornalero y albañil. Para él lo más importante es su querida familia y es por ella que trabaja duramente para llevar el sustento diario. Con mucho esfuerzo dio inicio a la reparación de la casa ya que con el tiempo las paredes y el techo se encontraban en mal estado. Por falta de ingresos no logró dar fin a la reparación del techo por lo que solicita este crédito a FUSAI para invertir en la compra de lámina galvanizada y madera para reparar el techo de la vivienda y así dar mejores condiciones habitacionales a su querida 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.

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About El Salvador

  • $4,900
    Average annual income
  • 624
    View loans »
    El Salvador Loans Fundraising
  • $22,057,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $600 helped Benito to buy galvanized metal and lumber.
92% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Nov 26, 2013
Currency Exchange Loss:
N/A