Kiva conducts regular, ongoing monitoring of all Lending 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 Lending Partner All Kiva Partners
  Start Date On Kiva Jun 3, 2021 Oct 12, 2005
Total Loans $2,359,885 $1,958,818,855
Amount of raised Inactive loans $0 $250,565
Number of raised Inactive loans 0 237
Amount of Paying Back Loans $859,920 $161,326,725
Number of Paying Back Loans 726 188,875
Amount of Ended Loans $1,499,965 $1,768,237,830
Number of Ended Loans 1,297 2,370,066
Delinquency Rate 16.89% 12.18%
Amount in Arrears $75,584 $12,199,756
Outstanding Portfolio $346,142 $100,189,739
Number of Loans Delinquent 324 72,764
Default Rate 0.18% 1.83%
Amount of Ended Loans Defaulted $2,675 $32,304,134
Number of Ended Loans Defaulted 9 84,789
Currency Exchange Loss Rate 0.00% 0.50%
Amount of Currency Exchange Loss $0 $11,980,628
Refund Rate 0.14% 0.54%
Amount of Refunded Loans $3,400 $10,526,300
Number of Refunded Loans 2 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 67.85% 78.23%
Average Loan Size $361 $392
Average Individual Loan Size $765 $589
Average Group Loan Size $1,229 $1,891
Average number of borrowers per group 3.6 8.3
Average GDP per capita (PPP) in local country $7,500 $5,599
Average Loan Size / GDP per capita (PPP) 4.81% 7.00%
Average Time to Fund a Loan 24.77 days 8.93 days
Average Dollars Raised Per Day Per Loan $14.57 $43.86
  Average Loan Term 10.54 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 1,155 1,178,627
  Journaling Rate 71.90% 42.26%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 31.00% PY 27.02% PY
  Profitability (return on assets) 4.91% 0.7% -3.10%
  Average Loan Size (% of per capita income) N/A 34.00% 0.00%

Country Fast Facts

Lending Partner Staff

Daniel Alas
Melvin Bran
Erika Burgos
Salvador Garcia
Edith Hernandez
Maria Matías
Orlando Mendoza
Eduardo Ramos
Mirna Santos
Beatriz Solis
Romario V