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German

Update on German

German is 37 years old. He only went to school up to the ninth grade. He is married and has 5 children. He raises cattle that he sells and has been working in agriculture for 17 years. His children help him in his work from 4 in the morning until 12 noon.

This client has been on his own at work for 17 years. He learned it from his family. Previously he worked as a merchant. He works 2 km a day to where he has his crop.

The loan that he is asking for is to buy fertilizer and to prepare the soil to plant 10,500 square meters of land. This way, he will generate a harvest that will be used for income and for home consumption.

The client wants to have a good yield that will allow him to sell a portion to pay off the debt with Fundacion Campo as well as give his children what they need to grow up healthy, strong and well educated, and if possible buy a cow for profit.
View original language description ↓
German tiene 37 años de edad, solo estudio hasta noveno grado es acompañado y tiene 5 hijos. Se dedica a la crianza de bovinos los cuales comercializa, tiene 17 años trabajar en la agricultura. Sus hijos le apoyan en el trabajo, desde las 4 de la madrugada hasta las doce del día.

El cliente desde los 17 años es independiente en el trabajo y lo aprendió de su padre, antes se dedicaba al comercio. Camina 2km diarios hacia donde tiene el cultivo.

El crédito que esta solicitando es para comprar abono y prepara la tierra para sembrar 10,500 metros cuadrados de terreno. Así generara una cosecha que le sirva tanto para tener ingresos económicos e insumos en su hogar.

El cliente quiere tener una buena producción, que le permita vender una parte para honrar la deuda con la Fundacion Campo, y a la vez darle a sus hijos lo necesario para que puedan crecer, sanos, fuertes, y con una buena educación, y si es posible comprar un bovino que le quede de ganancia.

Previous Loan Details

German, 37, has a spouse and five children. He’s been working in agriculture for 17 years; his parents taught him. He used to just be a student. To buy supplies he must travel to the city and it takes him about two hours so because of that he must rise very early. The loan he’s asking Funda... More from German's previous loan »

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.

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 El Salvador

  • $4,900
    Average annual income
  • 629
    View loans »
    El Salvador Loans Fundraising
  • $24,061,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped German to buy fertilizer and to prepare the soil to plant 10,500 square meters of land.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 3, 2013
Listed
Aug 26, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014