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Evaristo Joaquin
Evaristo, who is 64, lives with his wife in their own home. He has had a sewing workshop for 35 years, which has allowed him to gain experience in all types of sewing. What he earns just covers the household expenses. Evaristo wants to complete building work on his house but his earnings are not sufficient. Therefore, he is applying for a loan to buy the necessary materials such as metal sheeting, iron and balconies and to pay contractors to carry out improvements on his home, such as completing the installation of the roof and putting in doors and windows. This will allow him and his wife to live in greater security.
View original language description ↓
Don evaristo de 64 años de edad vive en casa propia con su esposa, el tiene un taller de costura desde hace 35 años eso le ha dado la experiencia en todo tipo de costuras, con las ganancias que obtiene de su trabajo logra solventar los gastos de su hogar, Don Evaristo quiere terminar de arreglar su casa pero con lo que gana no le alcanza para poder realizarlo, por eso solicita un credito que le permita comprar los materiales necesarios como: laminas, hierro, balcones, y mano de obra para mejorar sus vivienda y poder terminar de poner el techo, las puertas y las ventanas y pueda vivir mas seguro con su esposa.

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.

About El Salvador

  • $7,500
    Average annual income
  • 526
    View loans »
    El Salvador Loans Fundraising
  • $31,744,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Evaristo Joaquin to buy materials such as metal sheeting, iron, balconies, etc.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 19, 2013
May 10, 2013
Currency Exchange Loss:
May 18, 2014