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Teresa Hermelinda
Teresa Hermelina O. is 38 and married. She lives with her husband and their three children. Maria Jose is 15, Andres Joselito is 13, and Danya Victoria is two months.

She belongs to the San Jose de las Orquideas Communal Bank, which is located 15 minutes from the city of San Miguel in the San Jose de Palmas community. Farmers make up a big part of the community, and their main crops are potatoes and corn.

Teresa works buying grains; corn, beans, and wheat. She buys the crops from the farmers and she sells the crops. She makes her purchases in the villages in her community and in the fairs. She sells to a wholesale merchant. She is asking for a loan to buy grains for her business.

Her dream for the future is that her children succeed and depend upon themselves and no one else. She would also like to get a little house of her own in which to raise her children. She currently lives in her parents’ house.

Teresa likes taking care of her little daughter and keeping house.
View original language description ↓
Teresa Hermelinda O. tiene 38 años de edad, es casada, y vive con su esposo y 3 hijos que se llaman Maria Jose de 15 años, Andres Joselito de 13 años, y Danya Victoria de 2 meses.

La socia pertenece a la ventanilla rural "San Jose de las Orquideas" que está ubicada de 15 minutos de la ciudad de San Miguel en la comunidad de San Jose de Palmas. La gran parte de la comunidad son agricultores y crecen papas y maíz como los principales cultivos.

Teresa trabaja comprando grano, maiz, frejol, y trigo. Compra los cultivos de los agriculores y los vende. Hace las compras en los pueblos en la comunidad y en las ferias y vende a un comerciante mayoritario. Solicita el crédito para comprar grano para el negocio.

Su sueño para el futuro es que superen sus hijos y dependan de ellos mismos y no a otra persona. Asimismo quisiera ganar una casita propia para mantener los hijos ya que actualmente vive en la casa de sus padres.

A Teresa le gusta cuidar de su hijita y mantener la casa.

Additional Information

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!

About Ecuador

  • $10,200
    Average annual income
  • 40
    View loans »
    Ecuador Loans Fundraising
  • $23,449,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Teresa Hermelinda buy grains for her business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 4, 2010
Listed
Feb 9, 2010
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2011