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Adan Ernesto
Adán is 49 years old and lives in his own home with his two children, ages 18 and 14. He is an entrepreneurial man who travels the main ares of his community every day to offer his auto mechanic services. This is how he manages his household expenses and gives his children what they need. His wish is to have electricity in his beautiful wooden home which, with a lot of effort, he has been able to establish. He also wants to replace some of the wood panels of his home that are deteriorating. That is why he requests this loan from FUSAI to invest in buying wood, and to pay for installation of electricity, so he can give his children better living conditions as they grow up.
View original language description ↓
Adán tiene 49 años de edad y habita en casa propia junto a sus dos hijos de 18 años y 14 años de edad. Adan es un hombre emprendedor quien todos los días recorre las principales zonas de su localidad para ofrecer sus servicios de mecánico automotriz. De esta forma es como mantiene la economía de su hogar y da a sus hijos de lo necesario. Su deseo es poder contar con el servicio de energía eléctrica en su hermosa vivienda a base de madera que con mucho esfuerzo ha logrado establecer y además desea cambiar algunas tablas de madera de su vivienda que se encuentran deterioradas. Por lo anterior solicita este crédito a FUSAI para invertir en la compra de madera y para la respectiva instalación del servicio de la energía eléctrica y así dar a sus hijos mejores condiciones para su desarrollo.

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.

About El Salvador

  • $4,900
    Average annual income
  • 441
    View loans »
    El Salvador Loans Fundraising
  • $22,756,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $300 helped Adan Ernesto to buy wood, and to pay for installation of electricity in his home.
90% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2014
Listed
Apr 18, 2014
Currency Exchange Loss:
N/A