Nuevo Nance Amarillo 5 Group
Edilberto has a common law wife. He had to finish his studies after the sixth grade because his parents had very limited economic resources and they could not continue supporting him through school. Edilberto had to start working at a very young age to help out his family. Now, he has three children between the ages of 7 and 12. Two of them are in school and the third does not study due to learning problems.
Edilberto is requesting this loan to buy agricultural supplies for the cultivation of basic grains, which he hopes will produce good economic results in order to continue supporting his family and keep his children in school. His dream is to see his children become professionals so that they can have better opportunities of working in other industries and with that opportunity, improve their quality of life.
Edilberto esta acompañado, sus estudios los realizo hasta un sexto grado de primaria, puesto que sus padres son de recursos economicos muy limitados y no pudieron seguir apoyandolo en el estudio, el tuvo que trabajar desde muy joven para ayudar a su familia,tiene tres hijos entre las edades de 7 y 12 años, dos de ellos estan en la escuela actualmente, la tercera no estudia debido a problemas de aprendizaje.
Edilberto tiene 23 años de experiencia en el cultivo de granos basicos, es atravez de la produccion de estos y la venta de gran parte de dicha produccion que obtiene los recursos necesarios para proporcionar la alimentacion basica a su grupo familiar.
Edilberto solicita el credito para la compra de insumos Agricolas para la produccion de los granos basicos con los cuales espera obtener buenos resultados economicos para seguir dando a su familia la alimentacion y mantener tambien a sus hijos en la escuela, pues su sueño es verlos realizados como profesionales para que tengan mejores oportunidades para desempeñarse en otras actividades y con ello 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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