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Tomas
Tomas is 58 years old and resides in his own home along with his mother and his sister. He earns his living by making delivery trips to different parts of the city. Tomas has been in this line of work for 10 years and he has many customers as a result of his experience in this field.

Tomas wants to build a fence in front of his house, so he is requesting a loan from FUSAI. He will invest in the purchase of chain link mesh and cement posts so that he can quickly proceed with the construction of the fence, which will provide greater security for his family.
View original language description ↓
Tomas tiene 58 años de edad y habita en casa propia junto a su madre y hermana. El se gana la vida mediante la realización de viajes a diferentes partes del municipio. Tiene 10 años de dedicarse a este negocio por lo que ya cuenta con muchos clientes y experiencia en el área. Tomas desea construir una cerca en el frente de su vivienda para lo cual solicita este crédito a FUSAI para invertir en la compra de tela metálica y postes de cemento para proceder lo antes posible a la construcción de la cerca y así poder dar mayor seguridad a 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 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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About El Salvador

  • $4,900
    Average annual income
  • 441
    View loans »
    El Salvador Loans Fundraising
  • $22,739,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $400 helped Tomas to buy chain link mesh and cement posts for building a fence in front of his house.
80% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 3, 2014
Listed
Mar 31, 2014
Currency Exchange Loss:
N/A