Update on Luz MaribelLuz, 23, has one child. She has had a general store for four years. She learned the work from her mother, who has made a living in the same business. To buy her merchandise she has to travel about 15 kilometers. She also pays for the merchandise to be transported to her house because she doesn't have her own means of transportation.
The loan she's requesting from Fundación Campo is to buy rice, oil, corn, and laundry-cleaning products because she needs them in her store.
With the investment she wants to improve her customer service to improve her income. Her desires are for her business to be profitable, to buy her own house, and to give her son a good education.
El préstamo que esta solicitando a Fundación Campo, es para comprar arroz, aceite, maíz y productos para el uso de limpieza de la ropa; ya que son productos que necesita en su tienda. Con la inversión, desea mejorar el servicio a sus clientes para mejorar sus ingresos económicos. Su deseo, es que su negocio sea rentable, para comprar una vivienda propia y brindarle una buena educación a su hijo.
Previous Loan DetailsLuz, 21, lives with her life partner and their young son. She has a store where she sells beans, sugar, rice and corn among other staples. Her mother taught her this activity and as of today she’s been doing it for three years. It provides the necessary income for her to be able to help ... More from Luz Maribel'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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Success!! The loan was 100% repaid