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Sigfredo Alexander
Sigfredo Alexander is forty-two years old. He lives with his two children, a 17 year old girl and a 15 year old son, as well as another son who is grown, in a home he owns. He works cleaning an education center. He works every day. His oldest son also helps him pay for the household expenses. He is an enterprising man who is dedicated to his job and his family. Sigfredo has always looked for what he can do to give them what they need. That is why he decided to raise his roof, because it is very low. He wants to put up four more rows of bricks on the whole house. He wants to start the work as soon as possible, but due to his financial condition, he doesn't have the capital to back him up to buy the materials. That is why he is asking FUSAI for a loan that will allow him to buy bricks, poles, cement, sand, and iron rods. Sigfredo Alexander is very happy with the help and he feels committed to paying off the debt.
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Sigfredo Alexander de cuarenta y dos años de edad vive junto a sus hijos, dos menores de edad, una niña de 17 años y un niño de 15, también un hijo mayor de edad, habitan casa propia. El es ordenanza de un centro educativo, trabaja diario y se gana el pan de cada dia, también su hijo mayor le ayuda a completar gastos en el hogar, es un hombre emprendedor, dedicado a su trabajo y a su familia, Sigfredo siempre ha buscado en la medida de sus posibilidades darles lo que necesitan por eso se decidió a levantar el techo ya que está muy abajo, desea levantar cuatro hiladas de ladrillo mas, en toda la casa, quiere empezar el trabajo lo más pronto posible pero debido a su condición económica no posee de capital que lo respalde para la compra de los materiales, por eso le solicita a FUSAI un crédito que le permita comprar, ladrillo, polines, cemento, arena, hierro. Sigfredo Alexander está muy contento con la ayuda y se siente comprometido a cancelar la deuda.

Additional Information

More information about this loan

This loan will be administered by FUSAI (Salvadoran Foundation for Comprehensive Development), a Salvadoran NGO that owns Kiva partner Apoyo Integral. FUSAI will disburse this loan in order to reach a population that doesn't currently work with Apoyo Integral. This type of loan covers basic services (like housing and water), and supports small business and agricultural activities. Borrowers come from low-income families in rural and peri-urban communities, and are considered to be too poor or lack the proper guarantees to get credit through traditional banks or microfinance institutions. Before receiving their loans, they are vetted by local community organizations and enrolled in classes in financial literacy, and the importance of sanitation, potable water and clean energy. Additionally, FUSAI enables borrowers to guarantee one another and take out loans smaller than El Salvador's average. Important to note is El Salvador is considered one of the most dangerous countries in the world, holding the 2nd place in the ranking of murders per capita. All these FUSAI borrowers live in areas considered by the police as highly violent and dangerous, mainly because of gangs influence. Main risks they face in these areas are thefts, extortions, kidnappings and murders.

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
  • 550
    View loans »
    El Salvador Loans Fundraising
  • $31,835,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Sigfredo Alexander to buy bricks, poles, cement, sand and iron rods.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 20, 2013
Sep 26, 2013
Currency Exchange Loss:
Nov 17, 2013