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Walter Albarino
Walter is 23 years old and lives with his wife and five year old son. He earns a living working at a paper factory near his home. Walter is a hardworking man, dedicated to his family who does everything within his reach to provide better conditions for his family. He wants to improve the living conditions and has decided to ask for a loan through FUSAI so he can repair the roof, since it’s not very safe. He also wants to build a perimeter fence to secure the land and home. He will use the money to buy galvanized metal, lumber, cement posts, and wire.
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Walter de 23 años de edad habita en casa propia junto a su compañera de vida y su pequeño hijo de 5 años de edad. Él se gana la vida como empleado de una fábrica de papel cercana a su localidad. Walter es un hombre trabajador dedicado a su familia quien hace todo lo que este a su alcance para darles mejores condiciones de vida. Desea dar mejores condiciones habitacionales a su familia por lo que ha tomado la decisión de solicitar este crédito a FUSAI para invertir en la construcción del corredor de la vivienda ya que se encuentra en mal estado y no es muy seguro. Además, desea construir un cerco perimetral para asegurar su terreno y vivienda. Con el monto solicitado comprará: lámina galvanizada, madera, postes de cemento y alambre.

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
  • 693
    View loans »
    El Salvador Loans Fundraising
  • $24,290,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $700 helped Walter Albarino to repair his roof.
85% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2013
Listed
Dec 30, 2013
Currency Exchange Loss:
N/A