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Edwin Alexander
Edwin is 30 years old. He is a businessman and lives in his own house with his wife. Edwin has been selling quesadillas and hot dogs for more than 7 years. He is a street vendor, which is how he earns a living and provides for his household. Edwin wants to improve his living conditions and has therefore made the decision to invest in his business. Because of this, he is requesting a loan from Fusai for the purchase of a new equipped cart (kitchen and tank of gas) and for the purchase of ingredients such as jars of mustard, mayonnaise, sweet sauce, etc. That way, he can improve his sales and income and therefore improve his and his family's quality of life.
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Edwin tiene 30 años de edad es comerciante y reside en casa propia junto a su esposa. Edwin se dedica a la venta de quesadillas y hotdogs desde hace más de 7 años. La venta de realiza de forma ambulante y es así como se gana la vida y lleva el sustento a su hogar. Edwin desea mejorar sus condiciones de vida por lo que ha tomado la decisión de invertir en su negocio. Por lo anterior solicita este crédito a FUSAI para invertir en la compra de un nuevo carretón equipado (cocina y tambo de gas) y para comprar insumos como: botes de mostaza, mayonesa, salsa dulce, etc. y así poder mejorar sus ventas y sus ingresos y por consecuencia su calidad de vida y la de su familia.

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 El Salvador

  • $4,900
    Average annual income
  • 697
    View loans »
    El Salvador Loans Fundraising
  • $25,086,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Edwin Alexander to buy a new equipped cart (kitchen and tank of gas) and ingredients such as jars of mustard, mayonnaise, sweet sauce, etc.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2014
Listed
Mar 10, 2014
Currency Exchange Loss:
N/A
Ended:
Feb 20, 2015