Atiocoyo Xiii Group
Hipolito has 25 years of experience with cultivating basic grains. This business has allowed him to support his family. Hipolito requires the loan to buy agricultural supplies, which help him to maintain his business and thus generate the earnings necessary to keep supporting his children in their studies in order to see them trained as professionals so they can improve their quality of life.
Hipolito es padre soltero,realizo sus estudios hasta cuarto grado de primaria, ya que el grupo familiar al cual pertenecia era de escasos recursos economicos y se vio en la necesidad de trabajar en la agricultura desde muy joven para colaborar con la familia,tiene 6 hijos entre las edades de 2 y 20 años de los cuales dos estudian actualmente.
Hipolito tiene 25 años de experiencia en los cultivos de granos basicos,dicha actividad le ha permitido darle sostenimiento a su grupo familiar.
Hipolito requiere el credito para comprar insumos agricolas que le ayuden a mantener su actividad economica y asi generar los ingresos necesarios para seguir apoyando a sus hijos en sus estudios y verlos realizados como profesionales, por consiguiente que mejoren su 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.
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.
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