Update on Francisco OrlandoFrancisco is 28 years old. He is married and has three children aged 5, 8, and 12, respectively. For more than 11 years he has provided services on his mill with one hopper (now he has two hoppers), a product of the financing given to him by La Fundación Campo and Kiva. This business is located 50 meters from the main road that goes to the city. He provides this service to people who live in the community and in neighboring communities between the hours of 4:00 a.m. and 4:00 p.m. The business is managed by his wife, since he also has a transportation service, making trips to the city 3 times per week to buy fruit and vegetables with the women who sell in the market.
He schedules the trips to the city when someone asks him two days in advance. He bought the hopper connected to the mill at a store in the city, which is approximately 18 kilometers away.
He used the previous loan to buy another hopper for his mill, and this loan will be used to make payments on the previous loan as well as to upgrade the base of the mill, replacing the wood with an iron surface, as well as to upgrade the infrastructure of the building where he has the mill.
He would be able to meet existing demand with the purchase of another hopper, and users would no longer have to wait in line for grinding. His future plan is to be able to buy a piece of land to build a house, because he rents where he lives now.
Él Programa los viajes a la cuidad, cuando las persona se lo solicitan con dos días de anticipación. La tolva que anexo al molino la compro en una comercial de la ciudad que esta a una distancia aproximadamente de 18 kilómetros
El financiamiento solicitado anteriormente lo invirtió en la compra de una tolva más para su molino y este crédito será invertido en pagos de saldos del crédito anterior y el resto en mejoramiento de las bases del molino, cambio de madera por superficies de hierro como también en mejora de la infraestructura del local donde tiene el molino.
Al comprar una tolva más podrá cubrir la demanda existente que tiene en la comunidad y los usuarios ya no tendrán que hacer filas para moler. Los planes a futuro que tiene, es poder comprar un terreno para la construcción de una vivienda; por que donde están viviendo actualmente es alquilada.
Previous Loan DetailsFrancisco is 28 years old; he is married and he has three children who are 12, 8, and 5 years old, respectively. He has been lending his services at his two-chute mill for over ten years now. It is located in a small village about 50m from the main road that leads to a city. He renders his… More from Francisco Orlando'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
- 26 months (Additional Information)
- Repayment Schedule
- Mar 15, 2013
- Mar 23, 2013
- Currency Exchange Loss:
- Aug 17, 2014
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.