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Erick Alexander
Erick is 26 years old and lives in his own home with his wife and their four children, ages 14, 11, 7 and 6. Erick sells clothing as a street vendor. He has been working in this business for eight years, so he already has many customers who each day prefer his products.

With the aim of increasing his sales and revenues, he has taken the decision to request a loan from FUSAI to invest in the purchase of a variety of clothing, such as blouses, pants, shirts, skirts, etc. He hopes to be able to have this loan, and be able to proceed with the purchase of a larger inventory. With this, he hopes to achieve his objective of improving his living conditions and those of his family.
View original language description ↓
Erick tiene 26 años de edad y habita en casa propia junto a su esposa y sus 4 hijos de 14 años, 11 años, 7 años y 6 años de edad. Erick se dedica a la comercialización de ropa de forma ambulante. Tiene 8 años de dedicarse a este negocio por lo que ya cuenta con muchos clientes que cada día prefieren más su productos. Con el fin de aumentar sus ventas e ingresos a tomado la decisión de solicitar este crédito a FUSAI para invertir en la compra de variedad de prendas de vestir como: blusas, pantalones, camisas, faldas, etc. Espera poder contar con este financiamiento y así poder proceder a la compra de un mayor inventario con el cual espera lograr su objetivo de mejorar sus condiciones de vida y las de su familia.

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 El Salvador

  • $7,500
    Average annual income
  • 724
    View loans »
    El Salvador Loans Fundraising
  • $29,708,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Erick Alexander to buy blouses, pants, shirts, skirts, etc. for his business.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Mar 21, 2014
Apr 20, 2014
Currency Exchange Loss:
Feb 20, 2015