Update on FranciscoFrancisco is 61 years old and he is married. Since he was a young child he enjoyed working, specifically in agriculture, and for this reason his highest level of education is the 2nd grade. Nowadays, his wife helps him with all tasks related to their small-scale poultry production, and also with the cultivation of crops. They have two girls, a nine-year-old in 3rd grade, and an eleven-year-old in 5th grade. The girls also help their parents with household chores, and to feed the chickens when needed.
Francisco began raising chickens 8 years ago, when along with his wife they decided to launch this business. Part of his time also goes towards cultivating small plots of vegetables and selling them in the market; this helps him to solve some financial needs.
When he has to buy supplies for his poultry production (chickens and feed) his wife helps him too. First they have to walk about 1 Km to catch the bus that takes them to the city center –which is about 18 Km away-, and then, on the way back home they have to carry the supplies on their backs (sacs full of feed and crates with chickens).
This loan will be an investment to buy chickens and 200 hens, to improve the facilities (the chicken coops), and to buy feed. He wants to take advantage of the holiday season coming up, as the demand for chicken increases, as well as the market price during that season. This would generate greater revenue to cover the general expenses of the family, and he could also earn additional profits to invest in future productions.
Francisco wants to diversify his sources of income, in order to attain some financial leeway, so that in the case that one of these streams of income fails, he may rely on alternative income, minimizing investment loss.
El cliente se dedica a la crianza de pollos de engorde, desde hace 8 años que decidieron emprender este negocio con su pareja y también dedica parte de su tiempo a cultivar pequeñas parcelas de hortalizas, que le ayudan a solventar algunas necesidades económicas, ya que también comercializa verduras en el mercado. Con la ayuda de su esposa tiene que viajar hasta la ciudad, para adquirir los insumos (pollos y concentrados) para su producción y para obtenerlos tienen que caminar casi 1km de distancia para abordar el medio de transporte que los lleva hasta la ciudad que esta aproximadamente como a 18 km y en el regreso con los materiales (bolsas de harina y cajas con pollos) deben de cargarlos en su espalda hasta llegar a su casa.
El crédito será destinado para invertirlo en pollos de engorde,: mejora de instalaciones(galeras), compra de concentrado y compra de pie de criá(200). Quiere aprovechar la época navideña, por la demanda de pollos y el buen precio que este producto obtiene en esta epoca. Esto le generara mejores ingresos para cubrir las necesidades básicas de su familia y también tener recursos suficientes para volver a invertir en próximas producciones.
Quiere tener diversificadas las formas de obtener ingresos, que le permitan dar un margen de maniobra, si una de estas no le funcionara, va a tener otras que si; permitiendo le minimizar la perdida en sus inversiones.
Previous Loan DetailsFrancisco, 61, is married and has a second grade education only because ever since he was very young he has enjoyed working on the farm. His wife helps raise the chickens and care for the crops. They have two daughters, a nine-year-old in third grade and an 11-year-old in fifth grade. The girls... More from Francisco'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.
About El Salvador
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- At end of term
- Oct 28, 2013
- Oct 30, 2013
- Currency Exchange Loss:
- May 22, 2014
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.