Update on Deysi EsperanzaDeysi is 34 years old, married and has three children, one nine years old and a set of four year old twins. She has been selling fish since she got married but she used to be a merchant with her mother. She gets up at 4:00 am so that she can leave early to make her sales. She prepares her husband’s and children’s breakfasts, prepares her oldest son for school, and takes her twins to her mother in law while she goes out to sell. In order to buy her fish, she needs to board a pickup truck that takes her to the city where she can board the bus to the beach.
She is asking for a loan through Fundación Campo so that she can make the final payment on her house that she bought. She will use the rest of the money to buy dried fish to sell. This will allow her to finish paying off her house, get the deed, and then feel certain that the house is hers and she will then be able to buy more fish. She has to travel several times but doesn’t have enough money to buy for the whole month.
She can save the money she pays for the trips because she wants her children to graduate from university and add onto her house.
El préstamo que esta solicitando a Fundación Campo, es para pagar la última cuota de una casa que compro y el resto para comprar pescado seco para vender. Con la inversión terminara de pagar su casa y podrá sacar sus escrituras y estar segura que ya es su casa y comprar más pescado, pues debe de viajar varias veces al mes por no tener suficiente dinero para comprar para todo el mes. Ese dinero que paga de los pasajes se lo puede ahorrar ya que su propósito es que sus hijos se gradúen de la universidad y construir una habitación más a su vivienda.
Previous Loan DetailsSra. Deysi is 31 years old and lives with her husband and their three children, one of 9 years and the twins who are 2 years old. She has been buying and selling fish for twelve years. Her mother motivated her because she herself had always been engaged in this business. Deysi has to travel lo... More from Deysi Esperanza's previous loan »
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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Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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