Check out some available loans that are similar to this one!
Miguel Ángel
Señor Miguel is 53, married, and has one 18-year-old son.

He is a hard-working man who makes a living through agriculture. For two years, he has worked buying and selling coffee and beans. His strongest business is buying and selling beans. He learned how to do this to make income for his family, and since it has been profitable for him, he has maintained his business. He used to grow corn and beans on a small farm he owns.

The grains he buys are left at his house, and he receives and weighs them, and he sells them to people that live in his community. He buys 1,000 pounds of beans and 600 pounds of coffee each week. He will invest his loan in the purchase of more beans, since this is what he is selling the most of, and he wants to have capital to buy it and to make his business grow. He has quite a bit of demand, and he is selling quickly. In the future, he hopes to have a store selling basic grains and food products so his income can grow and he can help his son, who is studying in college, become a professional.
View original language description ↓
El señor Miguel tiene 53 años de edad, es casado con un hijo de 18 años.

Él es un hombre trabajador que se dedica a la agricultura y ya tiene 2 años de estar trabajando como comprador de café y fríjol para la venta. El negocio mas fuerte es la compra y venta de fríjol y lo aprendió por necesidad de obtener ingresos para su familia y como vio que es rentable se ha mantenido en el negocio, antes él cultivaba maíz y fríjol en una pequeña finca propiedad de Miguel.

Los granos que compra Miguel, se los llegan a dejar a su casa, él los recibe y pesa y se los compra a las personas que viven en su comunidad. De fríjol compra 1000 libras a la semana y de café 600 libras. El préstamo que solicita será invertido en la compra de más libras de fríjol, ya que le están vendiendo más y él quiere tener capital para comprarlo y hacer que su negocio incremente, ya que tiene bastante demanda y los vende bien rápido. En un futuro el desea instalar una tienda de granos básicos y productos de la canasta básica, para que sus ingresos incrementen y ayudar a su hijo para que estudie en la universidad y se convierta en un profesional.

Additional Information

About CrediCampo

This loan is administered by CrediCampo, a Kiva Field Partner in El Salvador. CrediCampo seeks to improve the lives of rural communities and their families in areas including health, education, basic services, and infrastructure. Through its Community Development Unit, CrediCampo provides scholarships, leadership development training, and financial education programs for families in rural areas. CrediCampo’s work is crucial in addressing the issue of poverty in El Salvador. Based on 2009 estimates, 37.8% of the population lives below the poverty line. To learn more about CrediCampo and their work, visit their partner page.

About El Salvador

  • $4,900
    Average annual income
  • 445
    View loans »
    El Salvador Loans Fundraising
  • $22,757,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Miguel Ángel to buy more pounds of beans to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012