A loan of $1,000 helped to make repairs to his home.

Alexander's story

Alexander, 22 years of age, is in a common-law marriage. He lives with his wife and son, who are his highest priority. With his loan he intends to carry out repairs to one part of his house, since over time it has deteriorated to the point that water penetrates it when it rains, and the family's belongings get wet. What he intends is to take advantage of low prices and sales on good-quality construction materials and carry out the necessary repairs. With the improvements he plans, he wants to avoid more losses of belongings, and thus have a little saving for the increased well-being of his family. Thus they will spend the last days of the year with greater peace of mind and begin 2013 with better living conditions and a more positive outlook. This is the first loan he has received from FUDECOSUR. He has not had other loans in the past from state banks, but FUDECOSUR provided the loan for him with better terms and a much lower interest rate.

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Translated from Spanish by Kiva volunteer Patricia Linderman

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Loan details