Atiocoyo Ix Group
Alcira has a partner. She studied up to the second grade because she has had to to work since she was a child in order to help out with the family finances as her parents had little money. She has four children between the ages of 5 and 15 years old and the three oldest are currently in school.
For 10 years Alcira has made a living growing corn, beans, and sorghum as well as raising animals. This work has allowed her to support her family financially. She is requesting a loan to buy cattle, feed them, and then sell them. As a result of this she hopes to make a good profit and improve her family's finances. She also hopes to be able to give her children the opportunity to study that she did not have and that they have a better quality of life.
Alcira esta acompañada, estudio hasta segundo grado, pues tuvo la necesidad de trabajar desde niña para colaborar a la economia familiar, ya que sus padres eran de escasos recursos economicos. Tiene cuatro hijos entre las edades de 5 a 15 años de los cuales los tres menores estan actualmente en la escuela.
Alcira se dedica desde hace 10 años, al cultivo de maiz, frijol,maicillo y a la crianza de ganado, este trabajo le ha permitido poder sostener economicamente a su familia. Solicita el prestamo para comprar ganado, alimentarlo y luego venderlo ya que con esto, ella espera obtener una muy buena ganancia para mejorar la economia de su grupo familiar y poder asi brindarle a sus hijos las oportunidades de estudio que ella no tuvo para que tengan una mejor calidad de vida.
More information about this loan
About CONFRASCONFRAS is a Confederation of Federations for Agrarian Reform in El Salvador founded in the 1980s. It was born out of the need to further land reform efforts following the Salvadoran civil war in 1979-1992. CONFRAS represents 107 cooperatives with a total membership of approximately 4,000 farmers.
CONFRAS offers its member cooperatives access to financing through a program called PROCAMPO (Agricultural Loan Program for Organization, Women and Production), which is administered by ACAF (Savings and Loan Cooperative “La Fuente”). Loan recipients receive training on personal finances, understanding microcredit and budgeting in addition to the agricultural technical assistance. Kiva lenders’ funds are used to help CONFRAS expand its loan portfolio within the PROCAMPO program and impact more Salvadoran farmers who are otherwise excluded from most MFIs.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
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