He is a member of the Communal Bank “San Jose de las Orquideas”, which meets in the community of San Jose de Palmas and is located fifteen minutes away from the city of San Miguel. The majority of the residents of this community are farmers who grow potatoes and corn as their main crops.
Manuel is a farmer himself and grows corn, potatoes, cabbage, and carrots. He buys and sells his products in San Pablo and San Miguel. The most difficult part of his job is not being able to harvest crops because of the weather. As a result, he is not able to earn money and recoup the investment from his crops.
Manuel is requesting a loan to purchase farming supplies such as compost, seeds, urea, and other items. He enjoys living on a farm instead of in the city because there is more freedom. Manuel hopes that his children will become professionals and pursue a good career such as teaching.
El socio 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.
Manuel se dedica a la agricultura y siembra maiz, papa, coles, y zanahoria. Hace todas sus compras y ventas de sus productos en San Pablo y en San Miguel. Lo dificil de trabajar en el campo es que a veces por el clima no se puede cosechar y se sufre sin ganar dinero que se invierte en la agricultura.
Solicita el crédito para trabajar en la agricultura en la compra de abonos, semillas, urea, etc. Le gusta a Manuel más el campo que la ciudad porque se puede ser más libre. Su esperanza es que sean profesionales sus hijos y eligan unas carreras buenas como instructor.
About Cooperativa San JoseThis 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!
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