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Narciso
Narcisco is 58 years old. For about 11 years, he has been working as a security guard at a company near his town. This is how he makes a living and supports his family. Narcisco wants to finish building a retaining wall before winter comes because his land washes away and he wants to protects it since it's his only asset. Narcisco is requesting this loan from Fusai to invest in the purchase of bricks, cement, sand, and iron. He hopes to receive this funding and thus proceed with the construction as soon as possible.
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Narciso tiene 58 años de edad y tiene aproximadamente 11 años de trabajar como agente de seguridad en una empresa cercana a su localidad. De esta forma se gana la vida y mantiene la economía del hogar. Narciso desea terminar de construir un muro de retención antes de que el invierno llegue dado que su terrenos se lava y desea protegerlo ya que es su único patrimonio. Narciso solicita este crédito a FUSAI para invertir en la compra de ladrillo, cemento, arena y hierro. Espera poder contar con este financiamiento y así proceder a la construcción lo antes posible.

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
  • 629
    View loans »
    El Salvador Loans Fundraising
  • $24,061,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $700 helped Narciso to buy bricks, cement, sand, and iron to finish building a retaining wall.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2014
Listed
Apr 4, 2014
Currency Exchange Loss:
N/A
Expired:
May 4, 2014