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Juan Carlos
Juan is 39-years-old and lives in his own house with his wife and their two children who are 15- and 17-years old. Juan is a self-employed builder and works very hard to provide for his family. Juan wants to improve the condition of his house, and for this reason he is requesting a loan from FUSAI to invest in repairing the roof of his humble home and to build a retaining wall. For this, he will need materials such as tiles, iron, cement, sand and bricks.
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Juan tiene 39 años de edad y habita en casa propia junto a su esposa y sus dos hijos de 15 años y 17 años de edad. Juan es albañil independiente y trabaja muy duro en construcciones para llevar el sustento a su hogar. Juan desea mejora las condiciones de su vivienda es por esta razón que solicita este crédito a FUSAI para invertir en la reparación del techo de la humilde vivienda y para construir un muro de retención para lo cual necesita materiales como: tejas, madera, hierro, cemento, arena y ladrillos.

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

  • $4,900
    Average annual income
  • 633
    View loans »
    El Salvador Loans Fundraising
  • $22,066,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $400 helped Juan Carlos to buy tiles, wood, iron, cement, sand and bricks to repair the roof of his home and to build a retaining wall.
80% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 3, 2014
Listed
Mar 25, 2014
Currency Exchange Loss:
N/A