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Erick Francisco
Erick is 22 years old and lives with his family. They depend on him greatly for a large part of the household income. Erick is employed by an institute near to his neighborhood and this is how he provides for his family. His home is very humble but it is their own. It is constructed from mud and bamboo, which makes it very susceptible to the humidity and insects. His wish is to improve this situation, which is why he is asking for this loan from FUSAI to invest in purchasing sand and cement to plaster the walls of his home to protect his family from infestations and humidity caused by the rain.
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Erick de 22 años de edad habita junto a su grupo familiar y de él depende gran parte de la economía del hogar. Erick trabaja como empleado en una institución cercana a su localidad y de esa forma lleva el sustento a su hogar. Su vivienda es muy humilde pero propia y está construida a base de lodo y bambú (Bahareque) lo cual la hace muy sensible a la humedad y a la crianza de insectos. Su deseo es mejorar esa situación por lo que solicita este crédito a FUSAI para invertir en la compra de arena y cemento para repellar las paredes de la vivienda para protegerlas de las plagas y las humedades causadas por las lluvias.

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

  • $4,900
    Average annual income
  • 625
    View loans »
    El Salvador Loans Fundraising
  • $24,271,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Erick Francisco to buy sand and cement to plaster the walls of his home.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Nov 26, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 26, 2015