Update on Josue OtonielJosue is 30 years old, and his wife helps him in his work growing crops and raising cattle. For ten years Josue has been growing corn, squash, and other vegetables. This is work that he learned from his grandfather, and today it is the sole source of income for his family. The loan that he is requesting through CREDICAMPO is to buy corn and squash seeds, herbicides and pesticides, in order to plant 7,000 square meters and to feed a heifer. This will help him to earn income to repay the loan and to buy food. Josue dreams of buying an irrigation system, in order to be able to grow crops all year longh. In this way he will improve his family's economic situation.
Josue, tiene 10 años de estar dedicado a la siembra de maíz, pipían y otras hortalizas, este oficio lo aprendió con el abuelo, y por hoy es la única fuente de ingresos para subsistir con su familia.
El préstamo que esta solicitando en CREDICAMPO, es para comprar semilla de maíz y pipian, herbicidas y pesticidas y cultivar 7,000 metros cuadrados y una novilla de repasto, esto ayudara a obtener alguna ganancia para pagar el crédito y su alimentación.
Josue, sueña en comprar un sistema de riego por aspersión, para hacer sus sembradíos durante todo el año, así mejorara su situación económica y la de su grupo familiar.
Previous Loan DetailsJosue is 29 years old. He is married and has 3 children. He is a very enterprising young man and went to school through the seventh grade. He has 6 years of experience growing squash and sweet corn under irrigation. He learned this trade with his father in law. To do his job he has a motor, 60 tu... More from Josue Otoniel's previous loan »
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 CrediCampoThis 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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This loan has been fully funded!