Update on Miguel AlfonsoMiguel is 79 years old. He is in a common-law marriage and has two children. He has been working as a laborer, farming the land, since he was twelve years old. He acquires the supplies he needs in a town thirty minutes away and transports them back home in a vehicle.
The loan he is requesting from Fundación Campo will be used to purchase farming supplies to grow corn and sorghum. He will sell part of it and use the rest for his family's consumption. This will allow him to buy supplies at a lower price because he will make one large purchase, and he will be able to save money for use in the next harvest.
El préstamo que esta solicitando a Fundación Campo, es para comprar insumos agrícolas para cultivar maíz y maicillo y una parte venderla y la otra destinarla para el consumo familiar. De esta manera, podrá comprar a mejor precio porque comprara de una sola vez en mayor cantidad y podrá ahorrarse dinero para que le sirva para la próxima cosecha.
Previous Loan DetailsMiguel is 77 years old and lives with his life companion. He has always made his living doing farm work; it was his father who taught him. He buys his agricultural supplies in a city, traveling in a pick-up truck on gravel roads. The loan that he is requesting is to pay for labor and to… More from Miguel Alfonso'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