Telmo Hugo G. is 65 years old and he lives in the canton of San Miguel, in Bolívar Province. His son, Roberto, is 29 years old.
He is a member of the Yagui Grande communal bank. There are 38 members in total, the majority of whom work in agriculture and raise small animals.
Telmo has worked in agriculture all of his life. His main crops are corn and potatoes. He also grows some legumes for family consumption. He is requesting the loan to invest in his agriculture through the purchase of agricultural inputs. His goal is to keep working to help his family get ahead. There are many challenges that Telmo has to confront, including droughts and the presence of crop diseases.
In his free time, he plays sports in his community. He also likes to go out with his family and to provide education for his son.
Telmo Hugo G. tiene 65 años y vive en el cantón de San Miguel en la provincia de Bolívar. Su hijo Roberto tiene 29 años.
El socio es un miembro de la ventanilla rural Yagui Grande. Son 38 socios en total, los cuales la mayoría se dedican a la agricultura y la crianza de animales menores.
Su actividad productiva es la agricultura desde hace toda la vida. Los cultivos principales son el maíz y la papa. También tiene algunas legumbres para consumo familiar. Telmo solicita el crédito para invertir en la agricultura en la compra de insumos agrícolas. Su meta es seguir trabajando para sacar adelante a su familia. Hay varios retos que Telmo tiene que enfrentar, incluyendo las sequias y la presencia de enfermedades en los cultivos.
En sus ratos libres, juega un poco de deporte con la comunidad y le gusta salir con la familia y dar los estudios a su hijo.
About Cooperativa San Jose
This loan is administered by Cooperativa San Jose, a 45,000-member credit union located high in the Andes Mountains of Ecuador’s poorest province, Bolivar. They offer a unique loan called “Ventanillas Rurales” [Window to the Countryside], which uses a group guarantee but is an individual loan with a savings component, mostly to rural borrowers. Due to low savings rates and a history of macroeconomic instability, many traditional loans in Ecuador demand interest rates that are prohibitively high for some borrowers. There is also a high incidence of extortionist black-market lending in Ecuador. CSJ helps mitigate these problems by providing a less onerous and more appropriate option. Join CSJ’s Lending Team!