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Miguel

Update on Miguel

Miguel is 61 years old and has worked in agriculture since the age of 12. He only reached the third grade due to his financial situation. He lives with his wife and their seven children of which two help him with his farm work. Miguel used to work in public works, but after some time he dedicated himself solely to agricultural work.

With the loan, he will purchase supplies to plant corn, as the first rains will be coming soon and he wants to take advantage of them. The supplies that he will purchase are ammonium sulfate and herbicides, among others. Miguel's dream is for his children to have an education and for each of them to have a dignified job.
View original language description ↓
Miguel de 61 años de edad, se a dedicado a la agrucultura desde los doce años solamente logro sacar 3° grado por cuestiones economicas vive con su esposa y sus siete hijos de los cuales dos le ayudan a realizar los labores agricolas.
Miguel antes se dedicaba a las obras publicas pero tiempo despues se dedico solamente a los labores agricolas.
con el prestamo comprara los insumos para la siembra de maiz que ya esta cerca, aprovechando las primeras lluvias, los materiales que compraria son sulfato de amonió y herbicidas entre otros.
El sueño de Miguel es que sus hijos tengan educación y que cada uno de ellos obtenga un trabajo digno.

Previous Loan Details

Miguel is a married 60 year old man with seven children. He has been working in the fields since he was 12 years old. His parents taught him to be a farmer and this is why today he is very knowledgeable and has had much experience since he began his work in farming. His father taught him farming ... More from Miguel'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.

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About El Salvador

  • $7,500
    Average annual income
  • 782
    View loans »
    El Salvador Loans Fundraising
  • $25,635,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Miguel purchase agricultural supplies to plant basic grains such as ammonium sulfate and herbicides.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 5, 2014
Listed
May 8, 2014
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015