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Carlos
Carlos is 30 years old and lives together with his mother and step-father in the family home. Carlos works as an assistant bricklayer and dreams of becoming an professional independent bricklayer in the future. Carlos wants to invest in some improvements to their house. So he is requesting a loan from FUSAI to invest in the purchase of cement, sand and a door. He wants to cement in the floors of the house and finish his mother's room with a door. He hopes to provide his family with better living conditions by doing this.
View original language description ↓
Carlos tiene 30 años de edad y reside junto a su madre y padrastro en casa familiar. Carlos trabaja como auxiliar de albañil y sueña en convertirse en un buen albañil independiente en el futuro. Carlos desea invertir en la mejora de su vivienda por lo que solicita este crédito a FUSAI para invertir en la compra de cemento, arena y una puerta dado que desea encementar el piso de la vivienda y poner la puerta del cuarto de la madre. De esta forma espera dar a su familia mejores condiciones de vida.

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
  • 573
    View loans »
    El Salvador Loans Fundraising
  • $23,939,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Carlos to buy cement, sand and a door to cement in the floor of his house and install the door in a room.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2014
Listed
Apr 19, 2014
Currency Exchange Loss:
N/A
Ended:
May 17, 2015