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Gustavo Adolfo
Gustavo is 29 years old and has a high school education. He is married, his wife cares for the home, and they have a one year old son. They live with [Gustavo’s] father and are the only ones depended on him. Gustavo has had a body shop for ten years and it’s located 800 meters from his home. He works from 7:00 am to 5:00 pm and stays later when he has a lot of work to do. He has three employees, which is a great responsibility.

He is asking for this loan to buy tools for the shop because he only has a few and they are in bad shape, therefore the loan will be very helpful for him.

His plans for the future are to have a larger shop where he can have more employees and generate more financial resources. He also wants to buy a house because he lives at his parents’ house and he wants to provide financial security for his family.
View original language description ↓
Gustavo tiene 29 años de edad, estudió hasta el bachillerato y está casado, su esposa se dedica a los quehaceres del hogar, tiene un hijo de 1 año, vive con su padre y son los únicos que dependen de él.

Gustavo actualmente tiene un taller de enderezado y pintura de vehiculos, lo hace desde hace 10 años y aprendió este oficio desde niño, tiene que trasladarse unos 800 metros de su casa al taller, desde las 7:00 AM hasta las 5:00 PM y cuando tiene mucho trabajo se queda hasta en la noche, tiene 3 trabajadores a su cargo, por lo cual tiene una gran responsabilidad.

Él solicita este crédito para comprar herramientas para el taller, pues las que tiene son pocas y están en muy mal estado, por lo tanto el préstamo será de mucha ayuda para él.

Sus planes a futuro son tener un taller mas grande donde pueda tener mas empleados y que le genere mas ingresos económicos, además desea comprar una casa porque donde vive es de sus padres, y espera darle seguridad económica a su familia.

Additional Information

More information about this loan

This loan is part of a project to help young men and women in El Salvador (under age 26) launch their own businesses. The field partner is reducing the guarantee for these individuals, who normally would not have access to loans due to their lack of experience. Unemployment for young people is high in El Salvador, a fact that motivates many of them to leave the country instead of searching for work. Aside from access to financing, clients will also be grouped together according to their business types to receive training from CrediCampo's social development unit, and to share advice and support with one another.

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
  • 636
    View loans »
    El Salvador Loans Fundraising
  • $22,133,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $600 helped Gustavo Adolfo to buy tools.
38% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2014
Listed
Mar 9, 2014
Currency Exchange Loss:
N/A