Check out some available loans that are similar to this one!
Luis Rogelio
Luis is 61 years old and he lives in his own house along with his children. Luis is a hardworking person who has been making and selling fried plantain and cassava chips for more than three years. He makes his sales as a street vendor in the high-traffic areas of his town, and thanks to his charisma, he has been able to earn the trust of many clients who prefer him more each day. Luis would like to invest in his business, so he is requesting this loan from FUSAI to invest in the purchase of ingredients such as: cassava, plantains, limes, chili powder, plastic bags, etc. In his way he hopes to improve his sales and thereby his income, which will allow him to improve his and his family’s living conditions.
View original language description ↓
Luis tiene 61 años de edad y habita en casa propia junto a sus hijos. Luis es un hombre trabajador quien se dedica a la elaboración y venta de tostadas de plátano y yuca desde hace más de tres año. La venta la realiza de forma ambulante en las principales zonas de su localidad y gracias a su carisma ha sabido ganarse la confianza de muchos clientes que cada día lo prefieren más. Luis desea invertir en su negocio para lo cual solicita este crédito a FUSAI para invertir en la compra de los insumos como: yuca, plátanos, limones, chile, bolsas de plástico, etc. De esta forma espera mejorar sus ventas así como sus ingresos que le permitan mejorar sus condiciones de vida como las 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

  • $7,500
    Average annual income
  • 760
    View loans »
    El Salvador Loans Fundraising
  • $25,574,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $250 helped Luis Rogelio to buy cassava, plantains, limes, chili powder, plastic bags, etc.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 3, 2014
Listed
Mar 23, 2014
Currency Exchange Loss:
N/A
Ended:
Nov 20, 2014