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Elsi Noemi

Update on Elsi Noemi

Elsi is 34 years old, married and has 2 children; a 15-year-old and a 12-year-old. She has been making and also selling sweet bread and French bread for more than 7 years; she learnt this craft from her husband who is a baker. She had a finance loan of $1,500.00 from KIVA to build up the bakery. But she has now repaid this on time and she is currently applying for another one to use for the same thing.

She sells the products she makes from her home and her husband goes out to sell them from a bicycle in the neighborhood where they live in and in the surrounding area, if not in the city.

Elsi buys the supplies to make the bread from distributors who bring it to her home since they lack the necessary resources to transport them. When they run out she calls to place her order by credit and pays for it at the end of the week.

The loan that she is applying for from Fundación Campo is to buy 50 cartons of eggs, 25 quintals of flour for bread, 25 quintals of sugar, 30 pounds of butter, 20 pounds of salt, and a cartload of wood e.t.c. By buying these supplies to make different types of bread, the bakery will make more sales and as a result her income will increase. In this way she can satisfy the neighborhood demand.

In the future she wants to buy an industrial oven which runs on electricity so she can bake more bread since in winter she can only bake once a day because of the rain. If she buys an industrial oven she'll be able to bake twice a day as it will be inside the house. She also wants to build a room as she has two adolescent boys who need their own space.
View original language description ↓
Elsi tiene 34 años de edad, es casada y tiene dos hijos; uno de 15 y otro de 12 años de edad. La señora tiene la más de 7 años de dedicarse a la elaboración de pan dulce y francés y también a la comercialización del mismo; esta actividad la aprendió de su esposo, quien es panadero.

Ella estaba manejando un crédito por la cantidad de $1,500.00 para fortalecimiento de la panadería con financiamiento KIVA. Pero este ya fue cancelado en una forma muy puntual hoy en día está solicitando otro por el mismo monto para la misma actividad.

Los artículos que comercializa los vende en su casa de habitación y su esposo sale a venderlos en una bicicleta que tiene en la misma colonia donde ellos viven y lugares aledaños a la zona y por qué no decir en la ciudad.

La señora compra los artículos para la elaboración del pan ha distribuidores que se los llevan a su casa de habitación; ya que ellos no cuentan con los recursos necesarios para el traslado de estos insumos cuando se les terminas solo les llama para que se los lleven también estos distribuidores les dejan los insumos al crédito y se los cancelas al final de la semana.

El préstamo que esta solicitando a Fundación Campo, es para comprar
50 cartones de huevos, 25 quintales de harina de pan, 25 quintales de azúcar, 30 libras de manteca, 20 libras de sal, una carretada de leña. Etc.

Al comprar estos artículos para la elaboración de pan de diferentes clases se puede mencionar que la panadería tendrá una mayor venta de pan y por ende los ingresos aumentaran de esta manera podrá suplir la demanda existente en la zona

Ella desea en un futuro comprar un horno industrial que funcione con energía eléctrica para poder hornear más pan; ya que en invierno solo puede hornear una vez por día, debido a la lluvia si compra el horno industrial podrá hornear dos veces por día ya que este estará dentro de la casa de habitación.

También desea construir una habitación; ya que tiene dos hijos adolescentes que necesitan su propio espacio.


Previous Loan Details

Elsi is 34 years old. She is married, with two children. One is 15 years old and the other is 12 years old. For the last six years she has been making and selling fresh bread including French bread. She learned this activity from her husband who is a baker. The bread that she makes she sells at… More from Elsi Noemi'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
  • 652
    View loans »
    El Salvador Loans Fundraising
  • $22,066,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Elsi Noemi to buy 50 cartons of eggs, 25 quintals of flour for bread, 25 quintals of sugar, 30 pounds of butter, 20 pounds of salt, a cartload of wood. Etc.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 15, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014