Ciudad Barrios, El Salvador Agriculture | Farming
Update on Gilda Guevara
Gilda, 51 years old, did not go to school, is married, and her husband works in agriculture. She has 6 children, of whom 3 are in school.
Gilda works at the household chores, and in addition to this she works growing coffee and she learned that from her parents.
She needs this loan to purchase 1000 coffee plants and plant them on the land that she has available.
She dreams of her crop generating good income and improving her family’s living conditions.
Previous Loan Details
Gilda is 50 years old. She did not go to school. She is married, and her husband works in agriculture. They have six children, three of whom are in school. Her eldest son works in security. Gilda is a housewife. The loan will be used to repair her home, because the rainy season is drawing … More from Gilda Guevara’s previous loan »
More information about this loan
This loan is designed to provide growth opportunities to elderly people. People 60 years old and older in El Salvador have limited access to credit, even when fully physically and mentally capable of working. The reason is insurance companies don’t cover people who are over 65 and require them to show a health certificate if they are over 60. This potential for health expenses makes financial institutions less willing to take on the risk of the loan. By funding this loan, you are helping elderly people access opportunities in El Salvador.
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.
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.
A loan of $1,500 helps Gilda Guevara to purchase 1000 coffee plants and plant them on the land that she has available.