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Magdaleno
42-year old Magdaleno is married and has two children. His older son is 13 and in 6th grade. The younger is 10 and in grade 3. His wife works at home. Magdaleno has had his business for eleven years; he sells party supplies to stores. He is responsible for delivering his wares to about 60 stores every day on foot. He works from 6:30 am to 6:00 pm, and gets up at 5:00 am so he can get to town and buy the candy by 7:30 am. He spends about $80 and sells a minimum of $100. He earns 20% and the rest belongs to the manufacturer.

The loan Magdaleno is seeking will be used to cancel a debt he has with the institution and the rest to buy more merchandise such as candy and balloons. He wishes to invest in more stock in order to have a greater profit margin so he can improve his family's standard of living.
View original language description ↓
Magdaleno tiene 42 años de edad, es casado y tiene dos hijos uno de 13 años que estudia sexto grado y otro de diez años de edad que estudia tercer grado. Vive junto a su esposa que es ama de casa. magdaleno tiene 11 años de dedicarse a la venta de confitería para las tiendas. Él se encargada de distribuir la mercadería a alrededor de 60 tiendas al día a pie, trabaja de 6:30 a.m. a 6:00 p.m. se levanta a las 5:00 a.m. Para salir de su casa a la ciudad y adquirir la mercadería a las 7:30 a.m. todos los días invierte $80 dólares y vende como mínimo $100 dólares a él le queda el 20 % de comisión y el resto es del fabricante.

El préstamo que esta solicitando a Fundación Campo, es para cancelar un crédito pendiente con la institución y el resto para invertir en la compra de más confitería como: dulces, globos, etc. Él desea invertir más para obtener un margen más grande de ganancias para mejorar la calidad de vida de 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
  • 479
    View loans »
    El Salvador Loans Fundraising
  • $23,095,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $800 helped Magdaleno to pay off a debt and buy more merchandise such as candy and balloons.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
N/A
Expired:
Dec 31, 2012