Update on SalvadorSalvador is 23 years old, married and has one son. Two years ago he decided to start and establish his own bakery business (French bread). Before starting this business, he was a baker’s helper for eight years and then decided to go out on his own and satisfy a need in his neighborhood.
He will use the money from this loan to prepare his shop and the gallery where he has the artesian oven. It turns out that the floor is a dirt floor and the metal roof is damaged and allows water to leak in during the winter. The dust created during the summer and puddles in the winter make it necessary to buy metal for the roof, sand, and cement to fix the dirt floor. He will also buy molds so that he can increase his production of bread.
Salvador travels to the Cabecera department to buy supplies three times a week. On these days he gets up very early because he has to walk a full kilometer to get to the main street where he catches the bus for a two hour round trip. When he gets off the bus, his wife is already waiting for him to take the products home. There is no street, so they have to carry the things on their backs.
He bakes his bread in the evening and has his wife’s support and help from an assistant. He sells the bread personally with no transportation; he carries it in a basket and walks around the whole neighborhood. People prefer it because it’s hot and artesian, so he has a strong market.
Salvador had never had a loan before. He invested the money he saved up when he was working for others, but he needed a loan to be able to strengthen his production unit, be more competitive, and be able to sell in neighboring areas. Above all, he wants to improve his bakery. He used the money from this loan to invest in bread baking and more so for the Christmas season, when his sales increase. His desire is to have a house of his own in the future; he currently lives with his father in law and he is a little uncomfortable. He also wants to provide better living conditions for his wife, his son, and any others that God gives him.
El préstamo, será utilizado para reparar la galera en donde tiene el horno artesanal y su taller, resulta que el piso es de tierra y la lámina está dañada lo que provoca infiltración de agua en el invierno y también la generación de partículas de polvo en verano y charco o lodazal en invierno; es así como se hace necesario comprar laminas para techo y materiales como arena, cemento para fraguar el piso de tierra, también se comprarán bandejas para incrementar la producción de pan.
El señor salvador se traslada tres veces por semana a la cabecera departamental a comprar la materia prima para el trabajo, estos días madruga ya que tiene que caminar 1 kilómetro para llegar hasta la calle principal que es donde pasa el autobús tardándose 2 horas en el viaje (ida y regreso). Cuando se baja del bus en el desvió, ya está su esposa esperándolo para trasladar el producto a su casa ya que no hay calle y lo hacen caminando por veredas y cargando el producto en sus espaldas.
La elaboración del pan la realiza por la tarde y tiene el apoyo de su esposa y un ayudante adicional. Para vender el pan lo hace de manera personal sin ningún medio de transporte, utilizando un canasto caminando a pie por toda la colonia y logrando así la venta del pan. Por ser un pan caliente y artesanal es preferido por sus vecinos y por esa razón tiene un mercado potencial.
Don salvador nunca ha obtenido créditos, toda la inversión la realizo cuando trabajo de forma dependiente, pero hoy necesita el crédito para poder fortalecer su unidad productiva y de esa forma ser mas competitivo y lograr crecer con la venta de pan en lugares vecinos sobretodo mejorando la salubridad del taller. Él ha utilizado muy bien el credito anterior ya que esta invirtiendo bastante en la elaboración de pan y más aun en estas fechas navideñas, vende más. El anhelo es que en un futuro pueda adquirir su propia casa ya que en este momento vive en casa de su suegro y siente incomodidad por lo que sueña con darle mejores condiciones a su esposa, su hijo actual y otros que Dios le regale.
Previous Loan DetailsMr. Salvador is 22, has a common-law wife and a 2-year-old son. Two years ago he decided to set up his own bakery to make French bread. Before starting the business he worked for eight years as a baker assistant and learned the trade. He decided to become independent when he saw the opportunit... More from Salvador'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.
About El Salvador
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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Nov 24, 2012
- Jan 1, 2013
- Currency Exchange Loss:
- Nov 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.