Kiva conducts regular,ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner description:

Fundación Salvadoreña de Apoyo Integral (FUSAI), founded in 1993, is a non-profit foundation focused on serving base of the pyramid business owners. They do this in 3 ways:

  1. Grant-based program administration. This work is focused on areas such as business education and digital inclusion.
  2. Microfinance sector advocacy work. For example, they work with the banking regulator to establish rules for the microfinance industry.
  3. Lending Program. Known as the Programa Solidario Comunitario (PSC), this program provides loans to small business owners.

A unique lending approach:

FUSAI is able to work in areas inaccessible to other financial service providers. In these inaccessible areas, or "conflict zones", organized crime is active and extorts the communities. FUSAI uses a Community Volunteer program to gain the trust of a community and build a presence in that community. Community leaders are recruited, vetted, trained, and then presented to the community during a graduation ceremony. These leaders promote FUSAI's loan products and pre-qualify loan applicants. Final loan approval rests with FUSAI. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 3, 2021 Oct 12, 2005
Total Loans $309,850 $1,591,618,020
Amount of raised Inactive loans $0 $553,050
Number of raised Inactive loans 0 212
Amount of Paying Back Loans $307,750 $162,732,475
Number of Paying Back Loans 309 197,739
Amount of Ended Loans $2,100 $1,428,332,495
Number of Ended Loans 1 1,888,188
Delinquency Rate 0.00% 17.15%
Amount in Arrears $0 $17,353,982
Outstanding Portfolio $123,553 $101,203,308
Number of Loans Delinquent 0 53,034
Default Rate 0.00% 1.69%
Amount of Ended Loans Defaulted $0 $24,149,199
Number of Ended Loans Defaulted 0 60,162
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $6,914,725
Refund Rate 0.65% 0.59%
Amount of Refunded Loans $2,000 $9,457,725
Number of Refunded Loans 1 8,817

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 69.01% 77.41%
Average Loan Size $304 $392
Average Individual Loan Size $710 $601
Average Group Loan Size $1,041 $1,800
Average number of borrowers per group 3.6 8
Average GDP per capita (PPP) in local country $7,500 $5,685
Average Loan Size / GDP per capita (PPP) 4.05% 6.90%
Average Time to Fund a Loan 20.51 days 8.06 days
Average Dollars Raised Per Day Per Loan $14.82 $48.64
  Average Loan Term 10.43 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2 969,394
  Journaling Rate 100.00% 42.45%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.68

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 31.00% PY 26.61% PY
  Profitability (return on assets) 3.9% 0.7% -0.35%
  Average Loan Size (% of per capita income) N/A 34.00% 11.35%

Country Fast Facts

Field Partner Staff

Mauricio Ardón
Edith Hernandez
Beatriz Solis