Fundación Salvadoreña de Apoyo Integral (FUSAI)

Fundación Salvadoreña de Apoyo Integral (FUSAI)

Lending Partner since 2021 • El Salvador
Fundraising Status:active
Risk Rating:

What to know about this Lending Partner

Impact Category:
General Financial Inclusion
Default Rate:
0.01%
Currency Exchange Loss Rate:
0%
Total Loans Raised:
$3,765,070
Loans at Risk Rate:
38.32%
Kiva Borrowers:
2,985
Delinquency Rate:
31.54%
Interests and Fees:
N/A
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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.