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Miguel Ángel
Miguel is 48 years old, he is married, and he has three children that are 23, 22 and 16 years old. For the past 35 years he has worked in agriculture growing corn and beans. Before that, his parents taught him how to grow bananas, but ultimately bananas didn't generate a good income. This is why he decided to grow corn and beans instead. The supplies he needs he can buy in the city, which is 12 kilometers (7.5 miles) from his home. Therefore, he must pay for a private vehicle to transport the supplies that he needs to his home.

He is seeking a loan from Fundación Campo so that he can buy 5 sacks of fertilizer and pay for a laborer to help him prepare the land in order to cultivate 14,000 square meters (3.5 acres) of corn. By doing this, he will be able to divide up the necessary supplies for his crop so that he can obtain an abundant harvest. He does this so that he can provide for his family's needs and cover the basic costs for his children, as they are all in school.
View original language description ↓
Miguel tiene 48 años de edad, esta casado, tiene tres hijos de 23,22 y 16 años de edad respectivamente. Desde hace 35 años se dedica a la siembra maíz y fríjol. Antes solo cultivaba plátano que fue algo que le enseñaron sus padres; pero últimamente no le estaba generando buenas ganancias; por lo que decidió cultivar maíz y frijol. Los insumos los adquiere en la ciudad que esta a 12 kilómetros de su comunidad; por lo que se ve obligado a pagar los servicios de un vehiculo privado para trasladar los insumos hasta su casa.

El préstamo que esta solicitando a Fundación Campo, es para comprar 5 sacos de abono, pago de mano de obra para preparar la tierra, para cultivar 14,000 metros cuadrados de maíz. De esta manera, podrá proporcionar los insumos necesarios a su cultivo, para obtener una cosecha abundante y asegurar la alimentación de su familia y poder cubrir las necesidades básicas de sus hijos, así como el estudio de ellos.

Additional Information

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 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
  • 578
    View loans »
    El Salvador Loans Fundraising
  • $23,934,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $150 helped Miguel Ángel to buy 5 sacks of fertilizer and pay a laborer to prepare the land, in order to cultivate 14,000 square meters (3.5 acres) of corn.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 22, 2013
Listed
Jul 27, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014