The loan he’s asking Fundación Campo for is to pay off a loan he has with another institution and to use the rest to buy two sacks of manure, worm poison and herbicide for the corn crop. He’ll improve with the loan because since there was no harvest he sometimes had nothing to eat and sometimes was unable to pay his loan and meet his obligations with the person who helped him last year. His goal is to improve his coffee crop in order to have a good crop yield and build a larger concrete block house.
Para comprar los insumos, viaja en un vehículo que transporta gente de su comunidad todos los días hacia el pueblo más cercano y compra los materiales con dinero que le prestan las instituciones financieras y hoy decidió hacer el préstamo con la fundación campo.
El préstamo que esta solicitando a Fundación Campo, es para terminar de cancelar una deuda con otra institución y el resto para comprar 2 sacos de abono, veneno para el gusano y herbicidas para su milpa. Con el préstamo mejorará; ya que como no hubo cosecha se quedaba sin comer en ocasiones para ir a pagar el préstamo y quedar bien con quien le ayudo el año anterior.
Su propósito, es mejorar su cafetal para tener una buena cosecha y construir su casa de bloque mas grande.
More information about this loan
This loan is part of a CrediCampo project to help rural farmers living in extreme poverty plant basic grains to feed their families. Excess product is sold on the local market. These loans are smaller than the typical loans offered by this field partner, and guarantee requirements are also reduced. Individuals who receive this type of loan also get access to technical assistance, information on good environmental practices and increased access to farm inputs like fertilizer. This is considered a high risk loan due to the population and loan purpose, and CrediCampo is one of the very few institutions in El Salvador willing to working with these farmers.
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.
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Success!! The loan was 100% repaid