Update on Carmen AmabelCarmen, 50, went to school through sixth grade, but then her father died so she had to start working to help her mother with household expenses. Carmen never married and has no children.
Carmen is a hard-working woman with a desire to succeed. When she left school, she started working in a tortilla shop at the age of 15. She worked there for 15 years and then her mother was able to open a small store from home. Unfortunately, she passed away shortly after so this is how Carmen came to continue the small business that her mother started with much sacrifice and dedication. Now, 21 years have passed since her mother's passing and the business is still going. She depends on the income to pay household expenses.
With this loan, Carmen will invest in her store again so she will have a source of income and also a business that is a memory of the most special person. She will continue like this for a long time to serve her customers. This will help Carmen grow her business.
Thanks to this loan, Carmen will fulfill one of her dreams, which is to grow her business. Also, she always wanted to have a clothing store, and she knows that if everything goes as planned, she will be able to fulfill all of her goals.
Carmen es una mujer luchadora, con muchos deseos de superarse, desde que abandonó la escuela inició a trabajar en una tortillería a la edad de 15 años, ahí trabajo diez años, luego su madre logró poner una pequeña tienda en su casa, desgraciadamente falleció al poco tiempo y fue así como Carmen continuó con el pequeño negocio que su madre con mucho sacrificio y dedicación pudo tener. Han pasado 21 años desde que su madre falleció y el negocio aún lo sigue manteniendo, de la tienda dependen sus ingresos para lograr cubrir los gastos del hogar.
Con el préstamo Carmen podrá invertir nuevamente en la tienda, así podrá tener su fuente de ingresos y a la vez el negocio que es un recuerdo que tiene de la persona mas especial, seguirá presente por mucho tiempo al servicio de los clientes. De esta forma se ayudara a que Carmen pueda crecer en el negocio.
Gracias al crédito Carmen logrará cumplir uno de sus sueños, el cual es crecer el negocio, además de esto siempre quiso tener una venta de ropa, y sabe que si todo sale como la ha planificado, podrá ver cumplida todos estas metas que tiene.
Previous Loan DetailsCarmen, 50, studied until sixth grade, since her father passed away. In seeing the need, she decided to abandon school and start working to help her mother with the expenses of the home. She wound up raising her younger siblings. Carmen never married and does not have children. She lives with a… More from Carmen Amabel's previous loan »
More information about this loan
This loan is designed for rural women in El Salvador. Loan amounts are much smaller than average and the field partner is not requiring any guarantee for this type of loan. The goal is to support businesses that will enable women to work from their homes or start flexible businesses, as many of them are single mothers and are the sole caretakers for their families. Women who receive this type of loan also receive training on entrepreneurship, business management and budgeting.
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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About El Salvador
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This loan has been fully funded!
- Repayment Term
- 17 months (Additional Information)
- Repayment Schedule
- Jul 16, 2014
- Aug 2, 2014
- Currency Exchange Loss:
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.