Check out some available loans that are similar to this one!
Wenseslao
Wenseslao is 33 years old and lives in a home of his own with his wife, two daughters, ages 9 and 6, and his three year old son. Wenseslao is very well-known man in the area as a hardworking, honest, and responsible man. He earns a living working as a mason and welder and he gains more customers daily because they prefer his products. Since he wants to provide better service to his customers, he decided to request this loan through FUSAI so he can buy a polisher and a welder because the one he has is deteriorated and doesn’t work well. He hopes to get this loan so he can provide better service to his customers.
View original language description ↓
Wenseslao tiene 33 años de edad y habita en casa propia junto a su esposa, dos hijas de 9 años, 6 años y un hijo de 3 años de edad. Wenseslao es un hombre muy conocido en su localidad como un hombre trabajador, honesto y responsable. ÉL se gana la vida trabajando como albañil y soldador y cada día son más los clientes que prefieren sus productos. Con el deseo de brindar un mejor servicio a sus clientes ha tomado la decisión de solicitar este crédito a FUSAI dado que desea comprar una pulidora y un aparto para soldar dado que el que posee se ha deteriorado y no brinda un buen funcionamiento. Espera poder contar con este financiamiento y así poder dar mejores servicios a sus clientes.

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 El Salvador

  • $7,500
    Average annual income
  • 766
    View loans »
    El Salvador Loans Fundraising
  • $26,245,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Wenseslao to buy equipment.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2014
Listed
Jun 2, 2014
Currency Exchange Loss:
N/A
Ended:
Feb 20, 2015