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Oscar Eduardo
Oscar is 34 years old. He studied up to the eighth form only, because his parents had no means to keep sending him to school, which is why he became a farmer and a merchant. He married a few months ago, and his wife is a domestic worker. Oscar trades in cattle. At first, he partenered up with a friend, but he has been working alone for four years now, where before he was simply a helper. Three months ago, he sold all the cows he had, all his investment, in order to have ready cash for his wedding and to build a small house. He works as a farmer and a bricklayer. He needs to cover great distances to go to buy cattle. His hours vary, but he usually works from 7 am to 6 pm. He asks Credicampo for a loan so as to buy 2 heifers, which he will keep in a pasture for 3 to 6 months and then resell in order to buy others. He is grateful for the opportunity this loan represents. His dream is to have a small animal farm of his own and to make a better life for the children he will soon have. He wants to create jobs for at least one person, in order to mirror the chance he was once given. He will use the profits to buy more cattle.
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Oscar de 34 años de edad, estudio hasta 8° grado, debido a que sus padres no contaban con los recursos económicos necesarios para que él siguiera estudiando. Entones se dedicó a trabajar la agricultura y el comercio. Hace unos meses decidió casarse, su esposa trabaja como empleada de oficios domésticos

Oscar se dedica al comercio en la compra y venta de ganado, empezó a trabajar con un amigo y ahora ya tiene 4 años de dedicarse de forma individual. Anteriormente era ayudante, con lo que tenía invertido hace 3 meses decidió vender todas las vacas que tenía para obtener dinero para utilizar en los gastos de su boda y en la construcción de una pequeña casa, también se dedica a la agricultura y a la albañilería se tiene que desplazar grandes distancias para ir a comprar ganado y el horario es variable, pero por lo general de 7 am a 6 pm

El préstamo que está solicitando a CREDICAMPO, es para comprar 2 terneras y las tendrá en repasto durante un periodo de 3 a 6 meses y luego las venderá y comprara otras. Agradece la oportunidad del préstamo que se le brinda.

Su sueño es poder tener una pequeña ganadería y darles una vida mejor a sus hijos que muy pronto vendrán en camino, generar unos empleos para otra persona al igual que una vez lo hicieron con él. Con las ganancias que obtenga las invertirá en la compra de más ganado.

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.

Tags

About El Salvador

  • $7,500
    Average annual income
  • 775
    View loans »
    El Salvador Loans Fundraising
  • $25,628,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $900 helped Oscar Eduardo to buy two heifers to fatten and resell.
43% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2014
Listed
Jun 24, 2014
Currency Exchange Loss:
N/A