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José Erasmo

Update on José Erasmo

José is 42 years old. He has been working in fishing for about 10 years, learning the trade from some friends. He was in agriculture but he saw the necessity of moving to another domicile where the only business is fishing.

One day he was overwhelmed because he had no way of feeding his family and just then some friends passed by who were going fishing and they invited him so he could learn. Later, through a lot of struggle, he asked for a loan to buy a used boat so he would have his own fishing equipment. In order to buy fishing supplies he has to walk for 10 minutes and then board a bus for 1-1/2 hours.

The loan that he is requesting from Fundación Camp, is to repair the inside of the boat as it is the only source of income and when it’s damaged he can’t work and food is in short supply at home.

His goal is to build his own home as the home he lives in is not his.
View original language description ↓
José tiene 42 años de edad. Se dedica a la pesca artesanal desde hace unos 10 años, aprendió el oficio con unos amigos. Antes era agricultor; pero se vio en la necesidad de migrar a otro domicilio en donde el único oficio es la pesca. Un día estaba acobiado, porque no tenia como llevar el alimento a su familia y en ese momento pasaron unos amigos que iban a pescar y lo invitaron para que aprendiera. Luego, con mucho esfuerzo solicito un crédito para comprar una lancha usada y de esta manera poseer su equipo de pesca propio. Para comprar los insumos para la pesca debe caminar a pie diez minutos, para abordar un autobús durante una hora y media.

El préstamo que esta solicitando a Fundación Campo, es para reparar la parte interior de la lancha; ya que es única fuente de ingresos y cuando se le daña no trabaja y el alimento en su casa escasea. Su propósito, es construir su propia casa, ya que donde vive no es de él.

Previous Loan Details

José, 41, is married and has two children. He’s been fishing for ten years having learned from some friends who invited him to go to sea with them fishing. He used to work in agriculture and construction. He states that need has led him to learn many things in order to earn his livelihood and… More from José Erasmo's previous loan »

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.

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

  • $4,900
    Average annual income
  • 601
    View loans »
    El Salvador Loans Fundraising
  • $22,179,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped José Erasmo to repair the inside of his boat as it is his only source of income.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 3, 2013
Listed
Apr 13, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014