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Mario Obdulio
Mario is 50 years old and resides in his own home along with his 77-year-old mother who is financially dependent on him. He has been working as a bricklayer for the past 25 years in order to sustain his household.

With great enthusiasm and humility, Mario approached FUSAI about requesting a loan. He will invest in the construction of a retention wall, so he needs to buy materials such as bricks, cement, sand, and iron. Mario hopes to receive this loan so that he can have greater security and protect the few belongings that his family owns.
View original language description ↓
Mario tiene 50 años de edad y habita en casa propia junto a su madre de 77 años de edad quien depende de él económicamente. Mario trabaja como albañil desde hace 25 años y es así como lleva el sustento a su hogar. Con mucho entusiasmo y humildad se acerco a FUSAI para solicitar este crédito para invertir en la construcción de un muro de retención para lo cual necesita comprar materiales como: ladrillo, cemento, arena y hierro. Espera poder contar con este financiamiento y así poder contar con mayor seguridad tanto para sus pocas pertenencias como para 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
  • 469
    View loans »
    El Salvador Loans Fundraising
  • $23,284,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Mario Obdulio to buy bricks, cement, sand, and iron for building a retention wall.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2014
Listed
Apr 20, 2014
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2015