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German Agustín
German is 36, married, and has four children. His brother taught him blacksmithing, which has been his trade for 10 years. He has to pay a trucker to deliver the materials to his house because they are very heavy. He has applied to Fundación Campo for a loan to buy wholesale iron to make machetes, cleavers, and other field tools. He has applied for a loan because he is only able to pay for his family's basic needs with his own funds and cannot invest to buy more iron. When he sells his merchandise, his income will increase and he can reinvest in his business and send his children to school.
View original language description ↓
German tiene 36 años de edad, esta casado y tiene cuatro hijos. Su hermano le enseño la herrería y desde entonces han trascurrido 10 años. Para trasladar los materiales debe de pagar transporte particular porque es muy pesado para llevarlo cargando hasta su casa.

El préstamo que esta solicitando a Fundación Campo, es para comprar hierro en mayor cantidad y fabricar los machetes, cumas, etc que son herramientas que se utilizan en el campo. Con el dinero que tiene disponible solo le alcanza para cubrir las necesidades básicas de su familia y no para invertir en comprar más hierro; por esa razón solicita el crédito. Al vender más su producto sus ingresos mejoraran para volver a invertir en su negocio y enviara sus hijos a la escuela

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.

About El Salvador

  • $4,900
    Average annual income
  • 452
    View loans »
    El Salvador Loans Fundraising
  • $23,269,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,400 helped German Agustín to buy wholesale iron to make machetes, cleavers, and other field tools.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2013
Listed
Jun 13, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013