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Mar 18, 2017 11:11 AM ET

El Salvador: Camilo: A loan of $1,000 helps to buy belts and hoppers for his mill so that he can provide a better service to his clients.

iCrowdNewswire - Mar 18, 2017

Camilo

El Salvador
 
 
Borrower image
 

A loan of $1,000 helps to buy belts and hoppers for his mill so that he can provide a better service to his clients.

Camilo’s story

Camilo did not have the opportunity to go to school. His parents had very little money and he had to work to support the household. After a while a friend helped him to get a job as an orderly in a hospital and he worked there for 37 years.
For more than 30 years Camilo has been providing a milling service. His wife helps him to attend to customers. In addition, he grows maize and beans during the season.
He needs a loan to buy belts and hoppers for his mill and thus be able to provide a better service to his clients.
His dream is to work hard, improve his business, save money and provide a better quality of life for his family.

Translated from Spanish by Kiva volunteer Nic Couldrey View original language description

This loan is special because:

It helps people older than 60 who still have the capacity to work but no financing. 

Juan
Kiva staff

More 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.

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.

Contact Information:

Camilo

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