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Andres Alexander
Andrés lives in his own house with his wife and children. He works making trips in his pickup to the different colonies; with what he earns from his work he manages to pay the household expenses. Andrés want to improve his house but with what he earns at his job he doesn't have enough to be able to do it. For this reason, he asks INTEGRAL for a loan to be able to purchase cement, sand, tiles, and pay labor costs, and in this way be able to put a tile floor and finish the walls so his family can live more comfortably and securely.
View original language description ↓
Andrés vive en casa propia con su esposa y sus hijos, el se dedica a realizar viajes en su pick up a las diferentes colonias, con lo que obtiene de su trabajo logra solventar algunos gastos de su hogar, Andrés quiere mejorar su vivienda pero con lo que obtiene de su trabajo no le alcanza para poder realizarlo por esa razón solicita un crédito a INTEGRAL para poder comprar cemento, arena, cerámica y pago de mano de obra y así poder poner el piso cerámico y afinar las paredes para que el y su familia puedan vivir mas cómodos y seguros.

Additional Information

More information about this loan

This loan is a special product offered by Apoyo Integral to help impoverished individuals in El Salvador make improvements to their homes, so as to offer safer and healthier living conditions to their families. These are individual loans for which the Field Partner has significantly lowered their guarantee standards because
the borrower is grouped with other Apoyo clients in a solidarity agreementNormally, families at certain income levels are not eligible for housing loans. However, since group members are cross guaranteeing one another, Apoyo Integral has decided to fund these loans. Further, the field partner is working through local community development organizations to not only determine which families are the best candidates for the loans but also to offer technical assistance and education for loan recipients covering topics such as financial education, proper hygiene and sanitation, and efficient use of electricity.

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.

Tags

About El Salvador

  • $4,900
    Average annual income
  • 621
    View loans »
    El Salvador Loans Fundraising
  • $22,145,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $350 helped Andres Alexander to purchase cement, sand, tiles, and pay labor costs.
41% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 16, 2014
Listed
Jul 9, 2014
Currency Exchange Loss:
N/A