Calera V Group
Yolanda is a single mother who studied up to the eight grade of primary school. She saw the need to work from an early age in order to help her family, since her parents had financial difficulties and could not continue to pay for her school. She has two children aged 5 and 11. The eldest child goes to school and the youngest will start next year.
Yolanda has been working in agriculture for twelve years. With this activity, she has been able to help her parents and get ahead with her children. Her children’s father migrated to the United States five years ago and does not support them economically.
Yolanda requested a loan to pay the land’s rent and buy agricultural supplies. She will be able to continue producing and helping her children so that they can have better opportunities in life, something she did not have due to the lack of resources.
Yolanda es madre soltera,estudio hasta octavo grado de primaria,pues tuvo la necesidad de trabajar a una edad muy temprana para ayudar en la economia familiar,dado que sus padres son de escasos recursos economicos y no podian seguir pagando la escuela, tiene dos hijos de 5 y 11 años de edad,de los cuales el mayor esta en la escuela actualmente y el menor comienza sus estudios el proximo año.
Yolanda tiene 12 años de dedicarse a la agricultura,actividad que le ha permitido colaborar con sus padres y sacar adelante a sus hijos,ya que el padre de los dos menores emigro a Estados Unidos hace 5 años y desde esa fecha no le ayuda economicamente.
Yolanda ha solicitado el credito para poder pagar el arrendamiento de la tierra y comprar los insumos agricolas que le permitan continuar con su actividad productiva y de esa manera seguir apoyando a sus hijos para que puedan tener mejores oportunidades en la vida, oportunidades que ella no tuvo por falta de recursos.
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.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
About El Salvador
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This loan has been fully funded!