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Wilber Alexander
Wilber is 29 years old and lives in his own house, together with his parents. He works as a mobile vendor of peanuts. Every day, he goes out on different buses in his town to offer his delicious peanuts.

Wilber wants to fix and improve the condition of his house’s roof, given that at this point it has deteriorated and isn’t very safe. Because of this, he is asking for a loan from FUSAI to invest in the purchase of metal sheeting and wood in order to move forward as soon as possible with the roof repairs on his house.
View original language description ↓
Wilber tiene 29 años de edad y habita en casa propia junto a sus padres. El se dedica a la venta de maní de forma ambulante. Todos los días se pasea en diferentes buses de su localidad para ofrecer su ricos manís. Wilber desea reparar y mejorar las condiciones del techo de la vivienda dado que se encuentra deteriorado y no es muy seguro. Por lo anterior solicita este crédito a FUSAI para invertir en la compra de lámina galvanizada y madera para proceder lo antes posible a la reparación del techo de la vivienda.

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

  • $7,500
    Average annual income
  • 747
    View loans »
    El Salvador Loans Fundraising
  • $26,194,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Wilber Alexander to buy metal sheeting and wood to repair the roof of his house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2014
Listed
Apr 15, 2014
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2015