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Milagro De La Paz

Update on Milagro De La Paz

Milagro, 46, is a single mother of two children, ages 10 and 12. She makes a living in the informal sector selling naturals drinks, yucca, bread, and other things. She has done this work for seven years.

She started when her husband abandoned her to start a new family and she was left alone with her two small children, so she saw the need to be innovative and look for something as a source of income. That was when she started making sales to feed her family. Before that she only did the household chores and took care of her children. Then everything changed and she started being both father and mother to her family.

She buys her supplies in the closest city or in her own town. She buys only in small quantities and this way manages to get ahead and see her family grow.

The loan she's requesting from Fundación Campo is to improve her house, where she has lived for many years and which she hasn't been able to improve because she lacks the resources. She's going to buy bricks, cement, and rebar.

This way she'll be able to improve her house and live in a more decent, healthful, and above all secure way, because for work she needs to go out and leave her house. Her life will improve in that she'll be able to work without thinking about it. She'll also be able to make the changes that are difficult with her own resources and have the personal satisfaction of being able to contribute as a single mother to creating better conditions.

For the future she only thinks about giving her children the living conditions she herself wasn't able to choose. She also wants her children to study and be good people in society in the future.
View original language description ↓
Milagro tiene 46 años de edad, es madre soltera de dos hijos, uno de 10 años y el otro de 12 años. Se dedica al comercio informal de frescos naturales, yuca, panes y otros. Tiene siete años de realizar esta actividad y comenzó en el momento en que su esposo la abandonó para formar otro hogar y ella quedo sola con sus dos hijos pequeños, por lo cual se vio obligada a innovar y buscar algo que le brindara una fuente de ingresos; fue entonces cuando comenzó a realizar ventas para el alimento diario de ella y sus dos hijos, antes de ello se dedicaba únicamente a los oficios domésticos y a cuidar sus hijos, luego todo cambio comenzó a ser papá y mamá para su familia.
Compra los insumos en la ciudad más cercana o en su mismo pueblo; ya que compra solamente en cantidades menores y de esta manera va logrando salir adelante y viendo crecer a su familia.
El préstamo que esta solicitando a Fundación Campo, es para mejorar su vivienda en la cual ha vivido por muchos años y por falta de recursos económicos no ha podido mejorar, ella comprara ladrillo, cemento y hierro. Así, podrá mejorar su vivienda y vivir de una manera mas digna, saludable y sobre todo segura, ya que por su trabajo se ve obligada a salir y dejar su vivienda.
Su vida mejora en que ella podrá trabajar sin ningún pensar, también podrá realizar los cambios que con recursos propios es difícil poder realizarlos y su satisfacción personal de poder contribuir como mamá soltera al desarrollo de mejores condiciones.
En el futuro solo piensa en brindar las condiciones a sus hijos de las cuales ella no pudo optar, que sus hijos estudien y en el futuro sean personas de bien en la sociedad.



Previous Loan Details

Milagro is 45 years old. She has two children, one 10-year-old and one 12-year-old. She sells natural soft drinks, yucca, bread, and other things informally for a living. She has been doing this for six years now, having started when her husband abandoned her to start a new family. At that… More from Milagro De La Paz'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About El Salvador

  • $4,900
    Average annual income
  • 462
    View loans »
    El Salvador Loans Fundraising
  • $22,757,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Milagro De La Paz to buy bricks, cement, and rebar.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
Apr 21, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014