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Adrian
Adrian is 46 years old, married, and lives in his own home with his wife and two children (ages 2 and 14). He is a bricklayer and must travel very early to his job so that he can earn a daily income for maintaining his household.

Adrian is requesting this loan from FUSAI so that he can invest in the purchase of cement, sand, and gravel. He wants to repair the walls and lay down cement floors in two of the bedrooms. Adrian hopes to be granted this loan since he does not have the capital.
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Adrian tiene 46 años de edad es casado y habita en casa propia junto a su esposa y dos hijos de 2 y 14 años de edad. Adrian es albañil y todos los días se traslada a su trabajo muy temprano par ganarse el sustento diario y mantener la economía del hogar. Adrian solicita este crédito a FUSAI para invertir en la compra de cemento, arena y grava ya que desea repellar las paredes y encementar el piso de de dos cuartos dormitorios. Espera poder contar con este financiamiento ya que no cuenta con el capital.

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
  • 743
    View loans »
    El Salvador Loans Fundraising
  • $25,510,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $350 helped Adrian to buy cement, sand, and gravel in order to repair the walls and lay down cement floors in two bedrooms.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
N/A
Ended:
Feb 20, 2015