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José Eduardo
José, 58 years old, is a local farmer. He studied until the ninth grade in a local school, but couldn't continue studying as his father died when he was barely 15, and he had to stop his studies and take the reins of his family.

He is married and father to two children: one boy who lives abroad and a girl who is studying at university.

In this rural area of the province the principal productive activity is growing corn and beans, and José has worked in this area for more than 30 years. He grows corn and beans in three hectares of land. He also works in another activity - rearing cattle - which consists of buying small cattle and putting them out to pasture for around 8 months. He was taught this activity by his son-in-law, who works solely in this trade and has generated good income from this.

He will invest the loan in the purchase of three cattle, which he will put out to pasture in some lands which he has around one kilometer from his house. This will improve his quality of life, as he will have current assets which he will sell when he has a good profit margin.

He plans to buy three cattle to put out to pasture and sell when he is close to having to pay back his loan, as he will have a good profit margin and so will be able to pay off the loan, and with the earnings he is left with he will be able to work a little with his own working capital.
View original language description ↓
José de 58 años de edad, es un agricultor de la zona, logro estudiar hasta 9° grado en la escuela de su cantón y no logro seguir estudiando, ya que su padre falleció cuando él apenas tenía quince años entonces dejo sus estudios y tomar las riendas de su familia parar sacarlas adelante.

Está casado y es padre de dos hijos; un varón que vive en el extranjero y una hembra que está estudiando en la universidad.

En esta zona rural del cantón la actividad productiva es el cultivo del maíz y frijol y José desde hace más de 30 años se ha dedicado a esta actividad, cultiva lo que son maíz y frijol, cultiva tres hectáreas de terreno también se dedica a otra actividad la cual es la cría de ganado que consiste en comprar bovinos pequeños y repastarlos durante aproximadamente 8 meses, esta actividad fue enseñada por su yerno quien solo se dedica a esta activad y le ha generado muchas ganancias.

El crédito será invertido para comprar tres bovinos y los pastara en unos terrenos rústicos que tiene como a un kilómetro de su casa. Esto mejorara su calidad de vida, ya que tendrá activos corrientes los cuales venderá cuando tengan un buen margen de ganancia.

Él tiene planeado comprar tres bovinos para pastarlos y venderlos, cuando ya este próximo a vencer su crédito ya que tendrá un buen margen de ganancia y así podrá pagar su crédito y con las ganancias que le quede podrá trabajar poco con su propio capital de trabajo.

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

  • $4,900
    Average annual income
  • 697
    View loans »
    El Salvador Loans Fundraising
  • $25,086,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped José Eduardo to buy three cattle and put them out to pasture in lands that he has one kilometer from his house.
0% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 13, 2014
Listed
Jun 28, 2014
Currency Exchange Loss:
N/A