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.
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