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Jaime Franklin
Jaime is 36 years old, married, and has four children. He has 22 years of experience in bread making; a friend encouraged him to learn a trade, and his friend took him to the city that's about an hour from where he lives. In the beginning he had to ask to borrow money to get to the place where he was learning the trade. Later he started to work in a bakery that is 35 minutes from his house every day.

A month ago a friend gave him the idea of starting up his own bakery, and told him that he was a client of Fundación Campo and that there he could apply for a loan. He will use the equipment, which will be purchased in a city about 20 minutes away, for his bakery.

The loan that he is requesting from Fundación Campo is to buy a dough sheeter to mix in yeast, two tables, five bags of flour, butter, 100 pounds of sugar, and yeast. With the investment, Jaime will be ready to start his business, earn a better income, and not depend on employment in order to give his family a better quality of life.

Among his goals are to grow his bakery, buy two motorcycles to take out selling bread, and to build a new house for his family.
View original language description ↓
Jaime tiene 36 años de edad, es casado y tiene cuatro hijos. Él cuenta con 22 años de experiencia en la panificación, fue un amigo quien le motivo a aprender un oficio, su amigo lo llevaba a la ciudad que esta a una hora del lugar donde vive; al principio tenía que pedir prestado el dinero para trasladarse al lugar donde asistía a aprender el oficio. Luego, empezó a trabajar en una panadería que esta a treinta y cinco minutos de su casa todos los días.

Hace un mes, un amigo le dio la idea de que instalara su propia panadería y le comento que era cliente de la Fundación Campo y que ahí podía solicitar su crédito. Los materiales que utilizara para su panadería los comprara en una ciudad que esta a veinte minutos del local.

El préstamo que esta solicitando a Fundación Campo es, para comprar un cilindro para hacer la mezcla de la levadura, dos mesas, cinco bolsas de harina, manteca, un quintal de azúcar y levadura. Con la inversión, Jaime estará listo para iniciar su negocio, obtener mejores ingresos y no depender de un empleo para proporcionar a su familia una mejor calidad de vida.

Dentro de sus metas esta, ampliar su panadería, comprar dos motocicletas para salir a vender el pan y construir una nueva casa para su familia.

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
  • 469
    View loans »
    El Salvador Loans Fundraising
  • $23,276,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Jaime Franklin to buy a dough sheeter to mix in yeast, two tables, five bags of flour, butter, 100 pounds of sugar, and yeast.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 18, 2013