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Jesus Wilfredo
31-year old Jesús lives in his own house with his wife and children. He has run a store for eight years and is well known in the area as an enterprising and hardworking person. His home is a very simple one made of metal sheets, and right now the roof is damaged because of the rains and sun. He wishes to build a wall to protect the passageway of his house.

Jesús is seeking a loan to buy materials such as galvanized sheeting, wood, sand, bricks and cement to repair the roof and build the wall.
View original language description ↓

Jesús de 31 años de edad habita en casa propia junto a su compañera de vida y sus hijos. Jesús se dedica al comercio de tienda desde hace 8 años. Es muy conocido en la zona por ser una persona emprendedora y muy trabajadora. Sus condiciones habitacionales son muy humildes, su casa está hecha a base de lámina y actualmente la cubierta del techo de su vivienda se encuentra dañado a causa de las lluvias y el sol, además desea construir un muro que proteja el corredor de su vivienda. Solicita este crédito a FUSAI para invertir en la compra de los materiales como lámina galvanizada, madera, arena, ladrillo y cemento para reparar el techo y construir el muro citado.

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
  • 717
    View loans »
    El Salvador Loans Fundraising
  • $26,152,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Jesus Wilfredo buy galvanized sheeting, wood, sand, bricks and cement to repair his roof and build a wall.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2013
Listed
Dec 7, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014