Update on Juan JoséJuan is 36 years old, married and has three children. He and his brothers have been doing agricultural work and raising cattle since they were children. In his free time he used to help his father in his carpentry workshop. At 15 years of age Juan decided to devote himself completely to carpentry. At 20 he got married, became independent and set up his own carpentry workshop.
He obtains his raw materials in the saw mills near his house but sometimes he needs to travel much further and has to pay for transport.
He his asking Fundación Campo for a loan to buy carpentry machinery and raw materials and supplies necessary for his investment. With the investment he hopes to improve the service and quality of products he makes, decreasing the waiting time of his customers to improve the family's finances. He hopes to expand his business by buying more machinery and hiring more employees.
La materia prima la adquiere en las acerraderas más cercanas a su vivienda; pero en algunos casos tiene que viajar mucho más lejos y pagar un medio de transporte para trasladarse.
El préstamo que esta solicitando a Fundación Campo, es para comprar maquinaria para la carpintería y materia prima e insumos para necesarios la misma actividad. Con la inversión ella espera mejorar el servicio y la calidad de los productos que elabora, disminuyendo el tiempo de espera de sus clientes, para mejorar la economía familiar. Él desea ampliar su negocio adquiriendo más maquinaria y contratando a más empleados.
Previous Loan DetailsJuan, 35, lives with his companion and their three children. He’s worked in carpentry since he was seven years old. His father taught him since the entire family was in this occupation. Juan used to work in farming and would go to the United States and this is how he was able to buy his… More from Juan José's previous loan »
About CrediCampoThis 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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