Update on AdanAdan is 59 years old and lives in his own house with his partner and their two children. Adan works in agriculture, his main crops being corn, beans and sorghum. His earnings from his work allow him to cover some household costs. Adan wants to make improvements to his home by building separate bedrooms for his children and by hooking the house up to the electrical grid. Adan does not, however, earn enough to do this work and so his applying for a loan in order to buy the materials he needs. Adan needs to buy cement, sand, iron, bricks, wire, cables, and to pay labourers in order for him and his family to live more comfortably and securely.
Previous Loan DetailsAdan, 58, lives with his wife and children. He operates a farming business, growing maize, beans and maicillo. He has been a farmer for many years and says that he has learned how to bring in a good harvest. His land is well situated and close to his house. He sells in local markets and says ... More from Adan's previous loan »
More information about this loan
This loan is a special product offered by Apoyo Integral to help impoverished individuals in El Salvador make improvements to their homes, so as to offer safer and healthier living conditions to their families. These are individual loans for which the Field Partner has significantly lowered their guarantee standards because
the borrower is grouped with other Apoyo clients in a solidarity agreement. Normally, families at certain income levels are not eligible for housing loans. However, since group members are cross guaranteeing one another, Apoyo Integral has decided to fund these loans. Further, the field partner is working through local community development organizations to not only determine which families are the best candidates for the loans but also to offer technical assistance and education for loan recipients covering topics such as financial education, proper hygiene and sanitation, and efficient use of electricity.
About Apoyo IntegralApoyo 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.
Concurrent and Successive Loans
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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Success!! The loan was 100% repaid