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Jose Alfredo
Jose, 30, has been running a metal structure workshop from his home for eight years which is crucial to him because it is his only source of income. He wants to renovate the floor of his house and finish the walls; so he has requested a loan through FUSAI to buy cement, sand, gravel, bricks and iron. He hopes to be able to improve his living conditions this way.
View original language description ↓
José tiene 30 años de edad y desde hace 8 años aproximadamente ha logrado establecer un taller de estructuras metálicas en su hogar de habitación el cual es muy importante dado que es su fuente de ingresos. José desea mejorar las condiciones del piso de su vivienda así como terminar una pared de la misma por lo que solicita este crédito a FUSAI para invertir en la compra de cemento, arena, grava, ladrillo y hierro. Confía que de esta forma logrará mejorar sus 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.

About El Salvador

  • $7,500
    Average annual income
  • 814
    View loans »
    El Salvador Loans Fundraising
  • $25,698,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $500 helped Jose Alfredo to buy cement, sand, gravel, bricks and iron to put down a cement floor and build walls.
72% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 21, 2014
Apr 21, 2014
Currency Exchange Loss: